SoFi Technologies shares rose amid optimism the online financial firm could benefit from a provision in the government debt ceiling agreement reinstating student loan repayments.  ( 1 min )

Advance Auto Parts posted earnings well below estimates, and reduced its full-year profit and sales guidance.  ( 1 min )

Compound interest is one of the most powerful ways to save money. By opening a compound interest account in 2023, you can save money faster by accumulating interest.  ( 26 min )

A corridor deductible is expenses paid by the insured in excess of coverage limits, but before the threshold at which additional coverage is available.  ( 18 min )

Markets were down in midday trading on Wednesday, May 31, 2023 ahead of key vote on raising U.S. debt ceiling.  ( 16 min )

Meta hit the $1 trillion level most quickly, but couldn’t stay there, while Apple was the first to get there, and has kept growing.  ( 16 min )

The job market was supposed to be cooling down—instead, it heated up in April, with the number of job openings rising, breaking a three-month downtrend.  ( 16 min )

SoFi Technologies shares rose amid optimism the online financial firm could benefit from a provision in the government debt ceiling agreement reinstating student loan repayments.  ( 16 min )

Advance Auto Parts posted earnings well below estimates, and reduced its full-year profit and sales guidance.  ( 16 min )

Looking to buy dividend stocks? This article provides a comprehensive guide on how to identify, evaluate, and purchase stocks that pay out regular dividends.  ( 24 min )

An oral contract is a type of business agreement that is spoken, not captured in writing.  ( 20 min )

Ansys, Materialise, and Faro Technologies lead the industry in revenue growth.  ( 19 min )

The cost to charge electric vehicle (EV) on a road trip will vary based on a number of factors. Here's how to estimate how much your trip will cost.  ( 23 min )

Dutch Bros, Starbucks, and J.M. Smucker lead the industry in revenue growth  ( 20 min )

The Consumer Financial Protection Bureau (CFPB) Wednesday fined OneMain Financial $20 million after the government watchdog discovered deceptive sales practices at the loan provider.  ( 17 min )

The foreign exchange market is the largest and most liquid market in the world and is open 24 hours a day. Learn what it takes to trade the world's many currencies.  ( 29 min )

The gold-silver ratio describes how much silver it takes to buy an ounce of gold. It may seem arcane, but many strategies rely on trading this ratio.  ( 25 min )

Nvidia hit a $1 trillion in market cap after the company followed up its blockbuster earnings with the launch of a new supercomputer and AI partnerships, but analysts remain divided whether Nvidia shares are overpriced.  ( 17 min )

Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.  ( 28 min )

The House is set to vote on the debt ceiling deal and the Labor Department is expected to report fewer job openings. Here’s what investors need to know today.  ( 18 min )

Advance Auto Parts plunges more than 30% after cutting its dividend and slashing its full year guidance.  ( 7 min )

U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.  ( 8 min )

US stocks opened lower Wednesday morning, as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, China’s economic woes pressured global markets.  ( 8 min )

The analysts from J.P. Morgan upgraded Chevron's stock to Neutral after keeping it at Sell equivalent for more than a year.  ( 22 min )

Retirement isn't always planned. For most people, reaching retirement age means finishing a lifetime of hard work. They have saved up enough to rest and enjoy their days without a daily grind. That isn't always the case though. Occasionally someone … Continue reading → The post How to Handle a Forced Retirement appeared first on SmartAsset Blog.  ( 11 min )

AI remained in focus Wednesday, playing a role in some of the day's notable moves.  ( 23 min )

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HP Inc. is plotting an AI future as sales of PCs continue to be under pressure.  ( 8 min )

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Investors have gotten too bearish on Covid-19 vaccine-makers.  ( 26 min )

Activist hedge fund Legion Partners has met with the board and management of the software company.  ( 22 min )

US stock futures drifted downward Wednesday morning as investors kept a watchful eye on the debt-limit deal ahead of the House floor vote. However, China’s economic woes pressured global markets.  ( 8 min )

The company also cut its full-year sales forecast and quarterly cash dividend. "We expect the competitive dynamics we faced in the first quarter to continue, resulting in a shortfall to our 2023 expectations," Chief Executive Officer Tom Greco said in a statement.  ( 7 min )

Former top JPMorgan executive Jes Staley said in legal documents that he communicated with CEO Jamie Dimon about the bank’s business with convicted sex offender Jeffrey Epstein.  ( 29 min )

Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel this year, a Reuters poll showed on Wednesday. Most analysts expect oil to trade around the $80-level per barrel this year, with data and analytics firm Kpler noting that "macroeconomic concerns are a major driver of crude prices this year, overshadowing relatively tight fundamentals." West Texas Intermediate (WTI) U.S. crude is expected to average $79.20 a barrel in 2023, down from the previous month's $82.23 consensus.  ( 7 min )

Oil from Texas will soon be part of the calculation known as Brent crude.  ( 28 min )

(Bloomberg) -- Whether they favor debt-limit brinkmanship or not, most Americans are alarmed by the level of US government borrowing. Treasury Secretary Janet Yellen isn’t one of them.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatPutin Orders Tighter Defenses After Drone Strikes on MoscowJPMorgan Builds Unit for Wo  ( 8 min )

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JPMorgan's CEO is currently in Shanghai for a series of conferences, in his first visit to mainland China since the COVID pandemic.  ( 8 min )

Hundreds of Credit Suisse's employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS, two people familiar with the matter said on Wednesday. Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said. Swiss newspaper Blick reported earlier on Wednesday that each day around 150 people worldwide were resigning from Credit Suisse while one of the two people said they saw about 200 resignations a week.  ( 7 min )

(Bloomberg) -- China’s economic mire reverberated beyond the country’s domestic markets, with Asian stocks falling along with US and European futures Wednesday.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapJPMorgan Builds Unit for World’s Richest Families in Wealth Bet  ( 9 min )

(Bloomberg) -- China’s economic recovery weakened in May as manufacturing activity continued to slump, prompting investors to dump stocks and call for more stimulus measures to boost growth.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World’s Richest Families in Wealth BetMcCarthy Confident on  ( 8 min )

Here’s an options strategy for aggressive investors who want to harness Nvidia’s surge.  ( 22 min )

Millennials may no longer be the economic victims of years past. While they're making up lost ground, three major hurdles still stand in their way.  ( 10 min )

(Bloomberg) -- A key gauge of Chinese stocks was again poised to enter a bear market after flirting with the milestone Tuesday, as a weak economic recovery and tensions with the US continued to exert pressure. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touche  ( 6 min )

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(Bloomberg) -- Cathie Wood said software providers will be the next to ride on the artificial intelligence frenzy driven by Nvidia Corp.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touches $1 Trillion Mark After Beating Rivals to AI“We are looking to the softwa  ( 7 min )

(Bloomberg) -- Former Treasury Secretary Lawrence Summers sees US interest rates headed higher in the short-run and US taxes rising significantly in the longer run as the world’s biggest economy comes to grips with a persistent inflation problem and burgeoning government debt.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Ra  ( 7 min )

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The shortened week kicked off with one big crisis averted for now. During the long weekend, an agreement was reached between President Biden and House Majority Leader McCarthy that should go toward resolving the debt ceiling. Oppenheimer’s Chief Investment Strategist John Stoltzfus expects a positive reaction to the progress being made to get the deal done. “In our view this portends well for the US and the markets even while it doesn’t eliminate the potential for angst near term as the agreemen  ( 10 min )

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KLM houdt zich niet aan voorwaarden die zijn verbonden aan de staatssteun die het bedrijf tijdens de coronacrisis kreeg, volgens de staatsagent. Het bedrijf keert alweer winstdelingen uit, geeft nog steeds belastingvoordelen aan personeel in het buitenland en piloten hebben te weinig salaris ingeleverd. Dat zegt de controleur van de overheid.  ( 5 min )

De prijzen in Duitsland, Frankrijk, Spanje en Italië zijn in mei minder hard gestegen dan in april. De inflatie is vooral door de dalende energieprijzen afgenomen. Maar de prijzen van voedingsmiddelen zijn deze maand wel hard omhooggegaan.  ( 3 min )

Luchtvaartmaatschappij Air New Zealand weegt sinds deze week voor vertrek passagiers op internationale vluchten. Het bedrijf wil zo het gemiddelde gewicht van de reizigers achterhalen.  ( 3 min )

De lonen in nieuwe cao's zijn in mei gemiddeld met 7,8 procent gestegen en dat is opnieuw een historisch hoogtepunt. De loonstijging ligt daarmee boven de inflatie, die in april 5,2 procent bedroeg.  ( 3 min )

Minister Sigrid Kaag van Financiën werkt aan wetgeving om de toegang tot contant geld veilig te stellen. Deze wet gaat de huidige vrijblijvende afspraken met banken vervangen.  ( 3 min )

Wie wil wisselen van energieleverancier kan vanaf morgen weleens fors duurder uit zijn. Dan gaan nieuwe regels in voor het opzeggen van vaste energiecontracten, waardoor consumenten flink de portemonnee moeten trekken. Voordeel is dat er weer verschillende vaste contracten zijn waar je uit kunt kiezen.  ( 5 min )

De lonen in nieuwe cao's zijn in mei gemiddeld met 7,8 procent gestegen en dat is opnieuw een historisch hoogtepunt. De loonstijging ligt daarmee boven de inflatie, die in april 5,2 procent bedroeg.  ( 3 min )

Gisteravond stemde de Eerste Kamer in met de hervorming van ons pensioenstelsel. Vanaf 2028 zien de pensioenen er heel anders uit. Zo wordt 1.500 miljard euro verdeeld over individuele potjes in plaats van via een fonds. Ook gaat je pensioen sneller omhoog of omlaag. Via ons reactieplatform NUjij zijn al veel vragen over dit nieuwe stelsel gesteld. Welke vragen heb jij nog? Stel ze hier.  ( 2 min )

Tweede Kamervoorzitter Vera Bergkamp roept Twitter op om belediging en bedreiging van Tweede Kamerleden aan te pakken. Het sturen van bedreigende en gewelddadige tweets naar Kamerleden is in veel gevallen strafbaar.  ( 3 min )

De Turkse lira is woensdag opnieuw minder waard geworden ten opzichte van de dollar en euro vanwege zorgen over de economische koers van het land. De vraag is namelijk of president Recep Tayyip Erdogan vasthoudt aan zijn onorthodoxe beleid.  ( 3 min )

De iPhone-app van ChatGPT is nu ook in Nederland te gebruiken. Later komt de AI-chatbot ook beschikbaar voor Android-toestellen.  ( 3 min )

Tot dusver is op ongeveer een derde van het subsidiepotje voor nieuwe elektrische auto's aanspraak gemaakt. Dat blijkt uit cijfers van de RVO, die belast is met het verlenen van subsidie op de aanschaf en lease van elektrische auto's.  ( 3 min )

Relatief meer mensen met hogere inkomens hebben vorig jaar bij de schuldhulpverlening aangeklopt. Dat komt volgens branchevereniging NVVK voornamelijk door de hoge inflatie en stijgende energiekosten.  ( 3 min )

De voor fraude veroordeelde ondernemer Elizabeth Holmes heeft zich dinsdag bij de gevangenis in Texas gemeld. De Amerikaanse zou met haar bedrijf Theranos beleggers en klanten hebben misleid en moet voor zo'n elf jaar achter de tralies.  ( 4 min )

Ondanks de energiecrisis en omvallende buitenlandse banken staat ons financiële stelsel er volgens het Centraal Planbureau (CPB) goed voor. Ook blijven de gevolgen van dalende woningprijzen waarschijnlijk beperkt. Wel zijn jonge huizenbezitters kwetsbaar en is er een reële kans op een recessie.  ( 4 min )

De banken en toezichthouder De Nederlandsche Bank gaan zich in hun speurtocht naar witwaspraktijken meer richten op waar de echte risico's zitten. De Nederlandse Vereniging van Banken kan niet zeggen of dit ook betekent dat de kosten voor betaalpakketten minder hard omhooggaan.  ( 3 min )

De stikstofinstallatie in Zuidbroek, die op 1 april 2022 al had moeten draaien, kan vanaf 1 oktober stikstof produceren. Dat heeft een woordvoerder van Gasunie desgevraagd aan NU.nl laten weten.  ( 3 min )

Een kratje bier in de aanbieding kostte in de eerste maanden van dit jaar gemiddeld 14,22 euro in de supermarkt. Twee jaar geleden, voordat het verboden werd te stunten met de prijs van een kratje, was dat nog 10,52 euro. Dat heeft marktonderzoeker Circana uitgezocht op verzoek van NU.nl.  ( 3 min )

Het nieuwe pensioen komt eraan. Na jaren gesteggel is een hervorming van het pensioenstelsel nu ook door de Eerste Kamer. Je pensioen moet beter uitlegbaar zijn en passen bij deze tijd. Ook volgt je pensioenopbouw nadrukkelijker prestaties op de beurs. Vijf vragen over het nieuwe pensioen.  ( 8 min )

The House is set to vote on the debt ceiling deal and the Labor Department is expected to report fewer job openings. Here’s what investors need to know today.  ( 1 min )

The Dow fell, the Nasdaq rose and the S&P 500 was virtually unchanged on Monday, May 30, 2023, as the debt ceiling deal goes to Congress for approval  ( 1 min )

Hopes of a debt ceiling deal were rattled after some Republican lawmakers expressed opposition to the agreement, helping send the Dow Jones Industrial Average lower by 0.15%, or 50 points.  ( 1 min )

Berkshire Hathaway bought 4.7 million shares in recent days and now owns 222 million shares of the energy company worth $13 billion.  ( 22 min )

Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. Now, some mainland China tech business owners say they need to go further and gain permanent residency or citizenship abroad to avoid the curbs on and the biases against Chinese companies in the United States.  ( 8 min )

Economic advisors have privately warned Saudi senior policy makers that the kingdom needs higher oil prices to fund a slew of megaprojects.  ( 8 min )

NEW YORK/SAN FRANCISCO (Reuters) -Even after Nvidia Corp's blistering rally in recent days, the chip developer's valuation has actually fallen, at least by one measure widely used by analysts and investors. Nvidia now trades at around 45 times Wall Street's average earnings estimates for the next 12 months - a popular measure known as the forward price/earnings (P/E) ratio. While investors rushed to buy Nvidia's stock in recent sessions, its P/E multiple has fallen simply because Wall Street's earnings expectations for the company rose even faster than its share price.  ( 8 min )

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The S&P's comeback this year gets only two cheers. A few big stocks are overperforming, while the rest of the market reflects the reversal of a historic earnings blowout.  ( 9 min )

Some people’s exploits in their chosen profession transcend beyond the industry they operate in – making them household names. It’s pretty safe to claim that even those not interested in the investing world are familiar with Warren Buffett. Buffett embodies the term ‘legendary investor’ probably more than any other and considering his decades of almost unrivalled stock picking success, it’s a thoroughly deserved epithet. For those looking to emulate a fraction of Buffett’s success, get ahead of  ( 11 min )

HP Enterprise reported mixed results for the April quarter, but it sees a big opportunity ahead in the need for high-powered systems to AI models.  ( 22 min )

HP Inc. managed to beat on earnings amid a focus on managing its costs.  ( 9 min )

As beer drinkers flock away from Bud Light, investors are losing their taste for InBev stock.  ( 9 min )

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There will always be a limit to how many expenses you can cut. But there’s no limit to how much you can earn.  ( 9 min )

Intel Corp (NASDAQ: INTC) stock is up Tuesday in sympathy with Nvidia Corp's (NASDAQ: NVDA) AI-driven rally. Over the past decade, Nvidia beat Intel to become America's most valuable semiconductor company. Advanced Micro Devices, Inc (NASDAQ: AMD) stole market share while Intel struggled with repeated delays in launching new chips. Interestingly, Intel CEO Pat Gelsinger flagged severe issues regarding leadership, people, methodology, and more for the chipmaker's fall from the leading chipmaker p  ( 7 min )

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The debt-ceiling agreement struck over the weekend would reinstate government student loan repayments.  ( 22 min )

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Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered "False," you're smarter than more than 60% of your fellow Americans nearing retirement. In … Continue reading → The post Can You Pass This Social Security Quiz? Nearly 7 in 10 People Struggle With These Basic Questions appeared first on SmartAsset Blog.  ( 8 min )

(Bloomberg) -- Brazil’s credit card interest rates soared to their highest point in six years, adding to central bankers’ concerns about worrisome levels of household debt. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touches $1 Trillion Mark After Beating Riva  ( 7 min )

The market mania for AI plays continues.  ( 23 min )

Ronald Reid was the last person you would expect to be a millionaire. He used safety pins to hold his old coats together and cut his own firewood well into his 90s. He drove a second-hand Toyota Yaris and resisted new purchases. His only real indulgence may have been his daily English muffin and a cup of coffee at the Brattleboro Memorial Hospital in Vermont, where a friend remembered him sitting at the exact same stool every morning. Don't Miss: Thanks to changes in federal law, anyone can inve  ( 7 min )

The investor says the chip maker's stock is "priced ahead of the curve." She's playing the artificial-intelligence boom through the electric-vehicle manufacturer.  ( 23 min )

The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hatha  ( 8 min )

According to a new report, Tesla scored a huge milestone on its path to ramping up global EV adoption — though the electric vehicle maker may have paid a big price for it.  ( 9 min )

According to a new report - Tesla scored a huge milestone on its path to ramping up global EV adoption - though the electric vehicle maker may have paid a big price for it.  ( 8 min )

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Qualcomm Inc (NASDAQ: QCOM) stock traded higher Tuesday in sympathy with Nvidia Corp (NASDAQ: NVDA), buoyed by the AI rally. The leading smartphone processor maker described transitioning into an "intelligent edge computing" firm, said SVP Alex Katouzian at the Computex show in Taipei. It is betting on the AI frenzy calling for more computing power than the cloud alone can provide, especially when personal information is at stake, Bloomberg reports. Qualcomm, whose chips help smartphones harness  ( 7 min )

Michael Burry's bullish bets on stocks, including Alibaba Group Holding Limited (NYSE: BABA), followed stake boosts by other top hedge funds, including Moore Capital Management and Third Point LLC, in the first quarter. Asia-based firms, including Simon Sadler's Segantii Capital Management Ltd. and Alpine Investment Management Ltd., accounted for nearly half of Alibaba ADRs offloaded by the quarter's top 10 most prominent hedge fund sellers, Bloomberg cites 13F filings. The sole Asia-headquarter  ( 7 min )

U.S. crude dipped below $70 a barrel for the first time in two weeks ahead of an OPEC+ meeting at which major producers will debate whether to cut output to bolster oil prices. Comments by officials in member states suggest the cartel is likely to stick with current cuts instead of deepening them,  ( 26 min )

With the Nasdaq now up more than 2.5% in the last five days, Wood argues there are going to be other winners in the AI space outside of Nvidia.  ( 8 min )

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Nvidia has been on tear this year thanks to the tech industry's AI craze. The company's market cap hit $1 trillion on Tuesday.  ( 7 min )

Plug Power Inc, a U.S. maker of hydrogen fuel systems, said on Tuesday it aims to build three plants in Finland costing some $6 billion to produce green hydrogen and ammonia for the European market. The company said it was in talks with potential financial investors and debt providers and aims to find industrial partners to secure offtake for its planned production ahead of a final investment decision in 2025 or 2026. Plug had spent two years searching around the world for the right locations, CEO Andy Marsh told Reuters on the sidelines of a presentation in Helsinki.  ( 7 min )

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The euro initially plunged below a major trend line in the 200-Day EMA, only to turn around and show signs of life.  ( 7 min )

Long-term care for seniors is one of the biggest gaps in America's safety net. For many of us, as we get older we will require longer and better care. In some cases, this can mean a health aide or other … Continue reading → The post How to Protect Your Parents' Assets From Nursing Homes appeared first on SmartAsset Blog.  ( 9 min )

Is $4 million enough to retire at 65? For most people, the answer is yes. But there are a lot of considerations and a good deal of planning to retire, regardless of how much you've saved. Everyone has different needs when … Continue reading → The post How to Retire at 65 With $4 Million appeared first on SmartAsset Blog.  ( 9 min )

A $4 million nest egg will likely allow you to retire comfortably at age 55. The major challenge will be accumulating that much capital by 55 – about a decade before most people stop working. Other issues include the need to … Continue reading → The post Is $4 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.  ( 8 min )

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AI hype is in full bloom in the US stock market. And the biggest names in the market are doing the heavy lifting pushing stocks higher.  ( 9 min )

KeyBanc Capital Markets analyst John Vinh raised his price target on the company ahead of its earnings this week.  ( 23 min )

Ford stock got upgraded to Buy from hold by Jefferies analyst Philippe Houchois Tuesday. His price target went to $16 from $13 a share.  ( 22 min )

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The gaze of investors now turns to what the Federal Reserve may do in a few short weeks.  ( 8 min )

New York City developers are starting to unload lower-quality buildings at deep discounts, cracking open a frozen real-estate market.  ( 22 min )

US stock futures were tentatively higher on Tuesday morning, kicking off a shortened trading week amid hopes the hard-won deal-ceiling deal would get through a divided Congress in a matter of days.  ( 8 min )

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Political leaders in Washington urge lawmakers to pass the debt ceiling deal and Nvidia releases a new line of AI-focused products as the company approaches a market valuation of $1 trillion. Here’s what investors need to know today.  ( 18 min )

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Dave Burt told CNBC that the market is in for a 2008-level price correction if lenders don't start weighing the risk flooding poses to home values.  ( 6 min )

State Farm, the largest property insurer in the US, will no longer accept new applications for home insurance in California, citing the risks of apocalyptic wildfires as well as the exorbitant costs of construction.  ( 7 min )

Tim Coyne, T. Rowe Price's global head of ETFs, said the company is expanding its exchange-traded fund offerings to better go after millennials.  ( 15 min )

↗️ Nvidia (NVDA), AMD (AMD), Intel (INTC) and Marvell Technology (MRVL): The chipmakers' stocks a  ( 20 min )

The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.  ( 13 min )

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Meta, valued at about $670 billion as of last close, clinched the trillion-dollar market capitalization milestone in 2021, while Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com Inc are the other U.S. companies that are part of the club. AI took center stage after Nvidia stunned investors with a revenue forecast that surpassed analysts' expectations by more than 50%. The Philadelphia SE Semiconductor index closed at its highest in over a year last week after Nvidia's stellar results powered other chipmakers higher.  ( 6 min )

Outflows have kept up the pace this year, fueled by a deteriorating economy and the departure of men avoiding conscription.  ( 28 min )

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Stock futures were higher Monday after a deal was agreed to extend the U.S. debt ceiling for two years over the Memorial Day weekend.  ( 23 min )

The rouble fell to a more than one-month low against the dollar on Tuesday as drones attacked Moscow and the Russian currency lost the support of a favourable tax period. Ukraine launched one of its biggest drone attacks on Moscow, according to Russia, whose defence ministry said all were destroyed approaching the city. Kyiv had no immediate comment, but has not publicly acknowledged launching attacks against targets inside Russia.  ( 6 min )

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Ford, Coinbase, Constellation Brands, Equitrans Midstream , and Boston Beer. Ford (NYSE:F) shares climbed nearly 3% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $13.00, as InvestingPro reported in real time.  ( 7 min )

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

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Ballooning debt, tepid consumption and worsening relations with the West are set to weigh on future growth, economists say.  ( 28 min )

Executives and early investors sold shares worth $22 billion through well-timed trades, profiting before share prices collapsed.  ( 31 min )

(Bloomberg) -- Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After Debt-Cap Deal  ( 7 min )

(Bloomberg) -- A key gauge of Chinese stocks was on track to enter a bear market as a weak economic recovery and tensions with the US left traders with little reason to buy. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After D  ( 7 min )

Gold prices traded in a narrow range on Tuesday, hovering close to a recent two-month low, as optimism over a U.S. debt ceiling deal and reduced bets for a pause in the Federal Reserve's rate hike policy in June dented the metal's appeal. U.S. President Joe Biden said on Monday he feels good about prospects for passage by Congress of the debt ceiling deal that he reached with House of Representatives Speaker Kevin McCarthy. The high volatility events such as the U.S. regional banking crisis, and whether or not an agreement would be reached on raising the U.S. debt ceiling are now passing, "reducing the markets interest in gold as investors seek alpha," Michael Langford, director at corporate advisory AirGuide said.  ( 7 min )

(Bloomberg) -- It’s not every day that Cathie Wood labels a stock-market darling of the innovation economy too expensive.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After Debt-Cap DealBut Nvidia Corp.’s outsized jump has prom  ( 8 min )

Asian stocks were mostly higher on Tuesday as investors cheered the prospect that the world's largest economy will avert a major debt default, improving sentiment across most asset classes. Australian shares were up 0.03% while the Nikkei stock index slipped 0.28%, cooling a bit after the Japanese benchmark hit a 33-year high on optimism over the U.S debt deal and a weaker yen, which helps the country's exporters. "The U.S had a poor resolution to the debt ceiling negotiations with still a huge increase in government debt and no real cuts to spending but has relieved pressure for now," said James Rosenberg, an advisor at broker Ord Minnett in Sydney.  ( 8 min )

Oil prices rose on Tuesday as the expectations the debt ceiling deal in U.S., the world's biggest oil user, will spur more demand but fears of further interest rate rises and that OPEC+ will leave output quotas unchanged capped gains. U.S. West Texas Intermediate (WTI) crude rose 53 cents to $73.20 a barrel, up 0.7% from Friday's close. There was no settlement on Monday because of a U.S. public holiday.  ( 7 min )

(Bloomberg) -- Asian equities were poised for a cautious open Tuesday as White House and Republican congressional leaders stepped up lobbying to ensure Congress passes a debt-accord to head off a US default.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBide  ( 8 min )

(Bloomberg) -- Semiconductor designer Arm Ltd. has found its calling card for the rest of the year as it builds toward a much-anticipated initial public offering: artificial intelligence.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBiden, McCarthy Forge De  ( 7 min )

Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said on late-Monday that recent stock market darling Nvidia Corporation (NASDAQ:NVDA) was priced “ahead of the curve,” and that Tesla Inc (NASDAQ:TSLA) was positioned to benefit from recent breakthroughs in artificial intelligence.  ( 7 min )

(Bloomberg) -- Soon-to-mature Treasury bills rallied as trading resumed after the Memorial Day holiday, following a tentative deal over the debt ceiling which eased concerns of a US default. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBiden, McCarthy Forg  ( 7 min )

Quant funds, which use computer models to trade, are helping calm the markets at a time of uncertainty.  ( 8 min )

(Bloomberg) -- The Big Tech rally of this year has further to run as the risk of a US recession drives investors into stocks that offer profitable growth in lean times, according to the latest Markets Live Pulse survey.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-  ( 8 min )

Phi ellipses is a little-known trading tool, drawn by a computer or trading software, used to detect price patterns, trends, and possible reversals.  ( 20 min )

Birake (BIR) is a cryptocurrency exchange platform that bills itself as the first "white label" cryptocurrency exchange. It appears not to have gained much support.  ( 22 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics.  ( 20 min )

Personal loan rates eased this week, lowering the overall average by 34 basis points and dipping back below 21%  ( 17 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.  ( 20 min )

Refinancing a car loan can lower your interest rate and monthly payment, adjust your repayment term, or even allow you to access some of the equity.  ( 22 min )

There is no limit to how many car loans you can have at one time. However, it might be difficult to qualify for more than one, depending on your financial situation.  ( 22 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Getting a car loan after bankruptcy isn't impossible, but it may take some time for your credit to improve enough to qualify for auto financing. Here's what you need to know.  ( 24 min )

The Consumer Confidence Index is a survey that measures how optimistic or pessimistic consumers are regarding their expected financial situation.  ( 23 min )

The average length of a car loan is 72 months, which is six years. However, the length of car loans can vary from as short as 12 months to as long as 96 months.  ( 21 min )

A loan-level pricing adjustment (LLPA) is a risk-based fee assessed to mortgage borrowers using a conventional mortgage. Learn how it works.  ( 21 min )

Hopes of a debt ceiling deal were rattled after some Republican lawmakers expressed opposition to the agreement, helping send the Dow Jones Industrial Average lower by 0.15%, or 50 points.  ( 16 min )

Discover the benefits of living in Europe and whether living there rather than the United States makes financial sense.  ( 20 min )

The Dow fell, the Nasdaq rose and the S&P 500 was virtually unchanged on Monday, May 30, 2023, as the debt ceiling deal goes to Congress for approval  ( 16 min )

Saving for retirement is crucial for financial stability and one of the best ways to do that is with an IRA. Learn how to open an IRA and start saving for retirement.  ( 26 min )

GDP per capitais a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.  ( 24 min )

Airports had more passengers over the Memorial Day holiday weekend than before the COVID-19 pandemic.  ( 16 min )

Neither Democrats or Republicans got their most ambitious proposals, but each side came away with provisions that they're spinning as victories.  ( 18 min )

The Conference Board's index of consumer confidence fell in May, although not as much as economists expected.  ( 16 min )

"High-net-worth individual" (HNWI) is a financial industry classification for a person with liquid assets above a certain figure. The minimum used is often $1 million.  ( 24 min )

Robinhood’s commission-free trading and easy-to-use platform have disrupted the brokerage industry. Come learn how to trade options on this groundbreaking platform.  ( 21 min )

An active managed ETF is a form of exchange-traded fund that has a manager or team making decisions on the underlying portfolio allocation.  ( 22 min )

A no-doc business loan can be a quick way for business owners to secure financing that they may not be able to access through a traditional bank loan.  ( 23 min )

Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.  ( 29 min )

If you are investing in crypto, keeping your crypto safe from cyberattacks is crucial. Learn how to store your cryptocurrency safely and keep your investment secure.  ( 25 min )

A debit to your account happens when you use funds to purchase goods or services. Learn more about the process that takes place when a debit occurs.  ( 22 min )

RV loans typically have longer terms that may be similar to a mortgage. Before getting an RV loan, you can estimate total loan costs based in part on the loan length.  ( 22 min )

Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period.  ( 38 min )

Carnival Corp., Norwegian Cruise Line Holdings, and Royal Caribbean lead cruise line stocks for best value, fastest growth, and best performance, respectively.  ( 20 min )

Wells Fargo CD rates are tiered for most of their terms and require a relatively high minimum deposit. Here's what to know before you open a CD with the bank.  ( 19 min )

Buying health insurance can be a time-consuming process. We reviewed the best health insurance on the market so you can make an informed decision about your coverage.  ( 23 min )

Environmental, social, and governance, also known as ESG, is a more ethical way to invest. Learn how to invest in ESG and make a positive impact with your portfolio.  ( 24 min )

Mortgage rates continue to soar, with the 30-year average adding another eighth of a percentage point to surpass the 20-year peak it reached in October.  ( 19 min )

Read about some of the problems with Costco's business model. While the company has been successful, there are still several risks to consider.  ( 22 min )

Financial literacy, communication, and confidence play a vital role in wealth transfer planning.  ( 22 min )

From the CFP to the CPA, do you know what your advisor's designation means?  ( 26 min )

Home prices rose in March, a second consecutive month of increase, as low inventory fueled competition. And higher prices are here to stay for now, according to S&P Dow Jones analysts.  ( 16 min )

AI isn’t science fiction anymore; it’s now a reality and a part of society. Learn how to invest in AI in 2023, and research the best AI stocks and ETFs on the market.  ( 24 min )

Double-cycle billing is a now-banned practice of billing credit card customers by charging interest on the average debt accrued over the last two months, instead of just for the current month.  ( 19 min )

Nvidia's market capitalization crossed $1 trillion in early trading Tuesday, adding it to the elite group comprising Apple, Amazon, Microsoft, and Google parent Alphabet.  ( 16 min )

Financial advisors are responsible for every aspect of their customer's financial life, from estate planning to tax planning to saving for retirement, and more.  ( 27 min )

Sequestration is a term adopted by Congress to describe a fiscal policy process that automatically reduces spending increases across most departments.  ( 22 min )

This week’s cryptocurrencies to keep an eye on are NEO (NEO), SingularityNET (AGIX), IOTA (MIOTA), Conflux (CFX), and Arbitrum (ARB).  ( 20 min )

Stocks have fallen out of favor as Americans’ perception of the best long term investment according to a recent Gallup poll—even as the market is recovering from 2022’s losses. Michael Batnick and Ben Carlson of the Animal Spirits podcast, and Dr. Preston Cherry, founder of Concurrent Financial Planning, join the show to examine what wealth and retirement mean today, how that’s changed, and how to invest for the long term.  ( 18 min )

Buy now, pay later has become a popular way to make purchases online and in stores. Here’s a list of participating retailers for six major services.  ( 25 min )

Political leaders in Washington urge lawmakers to pass the debt ceiling deal and Nvidia releases a new line of AI-focused products as the company approaches a market valuation of $1 trillion. Here’s what investors need to know today.  ( 18 min )

Treasury Investment Growth Receipts (TIGRs), issued from 1982 until 1986, were zero-coupon bonds based on U.S. Treasury bonds held by Merrill Lynch.  ( 21 min )

Negative information is data in a consumer’s credit report that lowers their credit score or makes them look like a higher risk to lenders.  ( 18 min )

Ultra-high-net-worth individuals (UHNWIs) are people with at least $30 million in investable assets. Their ranks continue to grow globally.  ( 19 min )

Fast-moving consumer goods (FMCG) are cheaper products that sell quickly such as milk, gum, fruit and vegetables, soda, beer, and common drugs like aspirin.  ( 23 min )

Read about the five largest financial advisory services firms in the United States, including big names such as Vanguard and JPMorgan Chase.  ( 22 min )

De voor fraude veroordeelde ondernemer Elizabeth Holmes heeft zich dinsdag bij de gevangenis in Texas gemeld. De Amerikaanse zou met haar bedrijf Theranos beleggers en klanten hebben misleid en moet voor zo'n elf jaar achter de tralies.  ( 4 min )

Schiphol moet zijn personeel beter beschermen tegen de schadelijke uitstoot van vliegtuigen, zegt de Nederlandse Arbeidsinspectie. De inspectie vindt dat de luchthaven er bijvoorbeeld voor moet zorgen dat vliegtuigen geen schadelijke stoffen meer uitstoten tijdens het taxiën.  ( 3 min )

Het op een na beste pensioenstelsel ter wereld wordt ingeruild voor een nieuw pensioen als de Eerste Kamer er vandaag mee instemt. In het nieuwe stelsel wordt 1.500 miljard euro verdeeld in twintig miljoen persoonlijke pensioenpotjes en gaat je pensioen sneller omhoog of omlaag. Gaan we er wel op vooruit?  ( 7 min )

De van fraude beschuldigde ondernemer Elizabeth Holmes gaat dinsdag naar verwachting de gevangenis in. De Amerikaanse ondernemer zou met haar bedrijf Theranos beleggers en klanten hebben misleid en moet voor zo'n elf jaar achter de tralies.  ( 3 min )

De prijzen voor basisboodschappen als brood, groenten en boter zijn in een half jaar met 15 procent gestegen. Uitschieter is de prijs van suiker, die met maar liefst 80 procent toenam.  ( 3 min )

In verschillende sectoren staan de cao-onderhandelingen op scherp met acties en stakingen tot gevolg, maar in de supermarktbranche gloort hoop dat de partijen er snel uit komen. De eerste gesprekken zijn constructief en goed verlopen. De werkgevers zijn bereid de lonen van de ongeveer 300.000 werknemers met 9 procent te verhogen.  ( 5 min )

Doordat de omvormers van veel zonnepaneelsystemen makkelijk te hacken zijn, kunnen grote stroomstoringen ontstaan. Als kwaadwillenden veel panelen tegelijk uitzetten, is er plots te weinig elektriciteit op het stroomnet.  ( 3 min )

Voor het eerst in twee jaar dalen de prijzen die Nederlandse industriebedrijven vragen voor hun goederen. De prijzen waren in april 2,3 procent lager dan in dezelfde maand vorig jaar.  ( 3 min )

In verschillende sectoren staan de cao-onderhandelingen op scherp met acties en stakingen tot gevolg, maar in de supermarktbranche gloort hoop dat de partijen er snel uit komen. De eerste gesprekken zijn constructief en goed verlopen. De werkgevers zijn bereid de lonen van de ongeveer 300.000 werknemers met 9 procent te verhogen.  ( 5 min )

In verschillende sectoren staan de cao-onderhandelingen op scherp met acties en stakingen tot gevolg, maar in de supermarktbranche gloort hoop dat de partijen er snel uit komen. De eerste gesprekken zijn constructief en goed verlopen. De werkgevers zijn bereid de lonen van de ongeveer 300.000 werknemers met 9 procent te verhogen.  ( 5 min )

Political leaders in Washington urge lawmakers to pass the debt ceiling deal and Nvidia releases a new line of AI-focused products as the company approaches a market valuation of $1 trillion. Here’s what investors need to know today.  ( 1 min )

(Bloomberg) -- As famed money manager Michael Burry made headlines boosting bullish bets on stocks including Alibaba Group Holding Ltd. in the first quarter of this year, other top hedge funds were also piling in. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap D  ( 8 min )

(Bloomberg) -- Since going all-in on Bitcoin over a decade ago, Tyler and Cameron Winklevoss have had their share of ups and downs. But these days, issues around the billionaire twins’ Gemini crypto exchange just seem to keep piling up. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier  ( 13 min )

Savvy investors will always be looking to pick up shares of undervalued stocks. That is, after all, the essence behind the slogan ‘buy low, sell high.’ The problem, though, lies in determining which stocks are merely temporarily languishing in the doldrums and are primed to pick up steam, rather than indicating that their depressed prices are just not worth the time of day. Of course, there are many ways to assess that scenario, and one simple strategy is to examine the actions taken by insiders  ( 10 min )

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"That's the one big negative factor that I worry about more than all the other things that we have talked about. Why is private investment so weak?"  ( 7 min )

Selling specialist chips and infrastructure is becoming a trillion-dollar industry  ( 12 min )

The family of an Arby's employee who was found dead inside a walk-in freezer at a Louisiana restaurant is suing the owners for wrongful death and gross negligence.  ( 7 min )

The latest stock sensation might just be hiding in your shoe closet or even on your feet right now. Colorado-based company Crocs Inc. (NASDAQ:CROX) has quietly outperformed some of the biggest players in the market over the past five years, including tech behemoths like Microsoft Corp, Meta Platforms Inc., and Amazon.com, Inc. Don’t Miss: Thanks to changes in federal law, anyone can invest in EV startups The shoe company that was once a fashion faux-pas has been making investors happy over the l  ( 8 min )

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(Bloomberg) -- Treasury futures linked to the 10- to 30-year part of the US government bond market rallied on light volume Monday, as traders looked ahead to an array of supportive factors that could come into play when trading resumes Tuesday after the Memorial Day holiday.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap  ( 7 min )

(Bloomberg) -- The majority of investors who took on mortgages in 2022 to pay for new Toronto condos have been losing money every month, a shift that could discourage future building in what is already one of North America’s tightest rental markets.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealManchin Gets Mountain  ( 7 min )

Canada Pension Plan’s manager scooped up Apple stock, and cut positions in Tesla, NIO, XPeng, and Li Auto in the first quarter.  ( 22 min )

Charlie Munger, the 99-year-old billionaire and vice chairman of Berkshire Hathaway Inc., expressed his concerns about the United States heading toward another fiscal crisis. In an interview with the Financial Times, Munger highlighted the problematic situation of commercial property loans held by U.S. banks, stating that many of them would be deemed as “bad loans” because of declining property values. He emphasized that this indicates a negative outcome for the American commercial property mark  ( 9 min )

It isn’t certain what happens on the so-called X-date if Congress doesn’t raise the debt limit.  ( 26 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Our energy roundtable experts see value in U.S. shale stocks and European majors as global energy demand outstrips supply.  ( 83 min )

Global stocks were mixed in thin trading Monday after a preliminary deal to raise the U.S. debt ceiling was struck between the White House and Republican negotiators.  ( 32 min )

If you would like to invest in a financial asset with low operating costs, exposure to the broad market or a market sector and lower taxes, an index fund might be for you. You will find that you can use … Continue reading → The post How to Invest in Index Funds appeared first on SmartAsset Blog.  ( 10 min )

As investing platforms, Charles Schwab and Fidelity make for a very apples-to-apples comparison. Both are long-standing brokerage houses with a history of financial management, personal advising and retail services. Both have introduced online trading platforms in the form of apps … Continue reading → The post Fidelity vs. Charles Schwab: Which Is Best? appeared first on SmartAsset Blog.  ( 11 min )

A financial advisor told me the pros of building a two-part bond ladder (three-year Treasurys and 10-year corporates) to generate fixed income and cover required minimum distributions (RMDs). What are the cons? -Ken When used in the right circumstances and … Continue reading → The post Ask an Advisor: I've Heard About the Benefits of a Bond Ladder Strategy. What Are the Downsides? appeared first on SmartAsset Blog.  ( 8 min )

Retiring at 40 with $2 million is an ambitious goal, but that doesn't mean it's impossible. While you'll need a decent salary or other sources of income or wealth, saving $2 million is not out of reach. If you plan … Continue reading → The post How to Retire at 40 With $2 million appeared first on SmartAsset Blog.  ( 9 min )

In the world of investments, perhaps none are less flashy than municipal bonds. If stocks and corporate bonds are the steak and roasted potatoes of your investment plate, municipal bonds are more like steamed brussels sprouts. But this overlooked asset … Continue reading → The post Morningstar Says This Overlooked Asset Could Break Out in 2023 appeared first on SmartAsset Blog.  ( 7 min )

Value stocks may be the one asset class you must have in your portfolio for the next decade. After a decade-plus of underperformance and decline, value investing began to rebound in September 2020. While the emergence of the Delta variant … Continue reading → The post This Is the Asset Class You Want in Your Portfolio Over the Next 10 Years appeared first on SmartAsset Blog.  ( 9 min )

Not for nothing does the phrase “buy low, sell high” get overused. The best opportunities often arise following a pullback and the investment experts at JPMorgan are keen to point them out. They have been closely monitoring the energy market and are seeing a lot of promise in energy companies. The banking giant is showing a positive outlook on two specific energy stocks with the pair offering different value propositions. Both have been underperforming the market this, but JPM’s analysts are pro  ( 10 min )

China and the U.S. are urging Gen Z to take on blue-collar jobs, but unless the sector has better pay and respect, Gen Z isn't all that interested.  ( 11 min )

British American Tobacco, Vector Group, and RLX Technology lead their peers for best value, fastest growth, and best performance, respectively.  ( 20 min )

Bitcoin couldn’t maintain its Monday morning gains as the world’s largest cryptocurrency dropped below US$28,000 in the afternoon.  ( 7 min )

The proposed Digital Asset Mining Energy tax has reportedly been taken off the table, according to U.S. Congressman Warren Davidson.  ( 8 min )

Futures tied to the Dow Jones Industrial Average rose 0.2%, while S&P 500 futures rose 0.3% and Nasdaq futures were up 0.5%. U.S. and U.K. markets are closed on Monday for public holidays.  ( 29 min )

(Bloomberg) -- Turkey’s lira weakened after Recep Tayyip Erdogan won a presidential runoff election on Sunday, extending his time as the nation’s longest-serving leader in a tenure that has increasingly alienated foreign investors.Stocks rose and dollar bonds were mixed at the open as investors awaited appointment of a new economic team that he promised would have “international credibility,” hinting at a potential turn away from an unorthodox policy mix based on ultra-low interest rates and hea  ( 8 min )

Last week’s stellar revival in Adani Group stocks has helped India reclaim its position among the world’s five largest stock markets.  ( 7 min )

Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. Surprised by the persistence of inflation in the face of the fastest rate hike cycle since the 1980s, Kashkari and some other Fed officials have turned up the heat again in recent days, with a hawkish outlook on interest rates. In doing so, they may also be inadvertently setting the stage for the next market crisis and Fed intervention, in turn, undercutting the bank's policy tightening to fight inflation.  ( 7 min )

Rosy guidance from chipmaker Nvidia last week helped spark the third-largest single-day jump in market value in U.S. history.  ( 8 min )

(Bloomberg) -- Iraq’s central bank boosted its gold reserves by about 2% in a single day last week as part of what it calls a gradual plan to stock up on the precious metal that’s seen as a traditional haven in times of economic distress.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealKey Takeaways From Biden-McCarthy Deal to Avert US DefaultManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’  ( 7 min )

The yuan is the dollar's most high-profile contender, against the backdrop of US-China tensions and Beijing's alliance with Russia amid the war.  ( 10 min )

NEW DELHI (Reuters) -India has filed a graft case against Britain's BAE Systems plc and Rolls-Royce Holdings for "criminal conspiracy" in the procurement and licensed manufacturing of 123 Hawk 115 advanced jet trainers, a document showed. The case is based on the findings of an investigation launched by India's Central Bureau of Investigation (CBI) in 2016, the federal police document dated May 23 said. BAE Systems and Rolls-Royce did not immediately respond to Reuters' requests for comment on Monday, which is a bank holiday in Britain.  ( 7 min )

(Bloomberg) -- Bitcoin climbed to the highest level in more than two weeks amid a boost to investor sentiment from a deal on raising the US debt limit.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultManchin Gets Mountain Valley Pipeline Deal Into Debt BillThe largest digital token added  ( 6 min )

Thailand's economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3% this year, its finance minister said on Monday. Southeast Asia's second-largest economy expanded faster than expected in the first quarter of this year due to a revival in its vital tourism sector. The economic recovery has been supported by a comprehensive and timely policy mix of fiscal and monetary policies, which respectively should continue to be implemented proactively and prudently, Arkhom Termpittayapaisith told a World Bank forum.  ( 6 min )

Nvidia Corp and MediaTek Inc on Monday said they will collaborate on technology to power advanced vehicle infotainment systems that can stream video or games or interact with drivers using artificial intelligence. Under the agreement, announced at the Computex technology trade show in Taipei, MediaTek will integrate an Nvidia graphic processing unit chiplet and Nvidia software into the system-on-chips it supplies to automakers for infotainment displays.  ( 7 min )

(Bloomberg) -- Saudi Arabia’s foreign reserves fell in April to the lowest in more than 13 years, in an apparent sign the kingdom hasn’t yet used last year’s $326 billion oil windfall to top up the central bank’s holdings. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’s Richest Man T  ( 7 min )

(Bloomberg) -- India has reclaimed its spot as the world’s fifth largest stock market after losing that status to France in January, as foreign investors snap up the Asian nation’s shares.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealKey Takeaways From Biden-McCarthy Deal to Avert US DefaultWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Val  ( 7 min )

(Bloomberg) -- Baidu Inc. shares jumped in Hong Kong following reports that it will soon launch a large-language model to power its ChatGPT-Like app Ernie Bot. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valley Pipeline Deal Into Debt BillThe shares rose as much as  ( 7 min )

Nvidia said Google, Meta, and Microsoft would be among the first companies to get access to its DGX GH200 supercomputer.  ( 22 min )

(Bloomberg) -- A gauge of Chinese shares traded in Hong Kong inched closer to bear-market territory as a wobbling economic recovery, intensifying geopolitical tensions and a weaker yuan keep investors away.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valley Pipeline  ( 7 min )

Firms that use computers to determine buy and sell signals have been loading up while other investors sit back.  ( 30 min )

U.S. investors will likely welcome a chance to grab some sunshine on the federal holiday.  ( 23 min )

A shortage of the kind of advanced chips that are the lifeblood of new generative AI systems has set off a race to lock down computing power and find workarounds.  ( 28 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling. Tokyo, Sydney and Shanghai advanced while Hong Kong fell. The agreement on the U.S. debt eased what had been a potentially huge threat to markets worldwide.  ( 9 min )

(Bloomberg) -- China’s raw materials producers are at the forefront of falling industrial profits as poor demand and price deflation tear into margins at steel mills, metals smelters, chemicals firms and coal miners.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valle  ( 8 min )

Bitcoin moved back above US$28,000 on Monday morning in Asia, leading a rally among all top 10 non-stablecoin tokens. Ether reclaimed the US$1,900 level.  ( 8 min )

Gold prices edged lower on Monday as a tentative deal sealed over the weekend to suspend the U.S. debt ceiling coupled with jitters around higher-for-longer interest rates dampened demand for the non-yielding metal. Hurting gold's appeal as a safe-haven asset, U.S. President Joe Biden said on Sunday he had finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025 and that the deal was ready to move to Congress for a vote. "The fact the odds of a hike were as low as 17.4% just over a week ago show how expectations for a Fed pause have been abandoned, helping the US dollar rise for a third week and weigh on gold prices," City Index senior market analyst Matt Simpson said.  ( 7 min )

The Indian rupee may come under pressure on Monday, after a tentative deal to raise the U.S. debt ceiling made it likely that the U.S. Federal Reserve will raise rates next month. Non-deliverable forwards indicate the rupee will slightly lower from the previous session's level of 82.575 per U.S. dollar. Odds of a 25 basis points Fed rate hike at the June 13-14 meeting climbed to 2-in-3 after President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the existing debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.  ( 6 min )

(Bloomberg) -- The Turkish lira is at risk of a 29% slump should President Recep Tayyip Erdogan, who clinched another five-year term, stick to his policy of keeping interest rates low.That’s according to Morgan Stanley analysts including Hande Kucuk and Alina Slyusarchuk, who wrote in a Sunday note that the lira may reach 26 per dollar sooner than earlier expected and weaken close to 28 by the end of the year, without a change in policy direction. The currency closed at 19.97 per dollar on Frida  ( 7 min )

The dollar was firm on Monday as economic resilience in the United States raised market expectations for further rate hikes by the Federal Reserve, while news that a debt ceiling deal had been finalised sparked some risk-on sentiment. The yen's renewed decline has come on the back of rising U.S. Treasury yields, as bets grow that interest rates in the United States would stay higher for longer. Data released on Friday showed that U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy.  ( 8 min )

Asian shares and U.S. stock futures rose on Monday, buoyed by a weekend deal by U.S. President Joe Biden and congressional Republican Kevin McCarthy to suspend the government's debt ceiling, ending a months-long stalemate and angst for investors. After weeks of negotiations, McCarthy and Biden forged a agreement late on Saturday to avert an economically destabilising default to suspend the $31.4 trillion debt ceiling until 2025. The positive news lifted S&P 500 futures 0.4% in early trade while Nasdaq futures firmed 0.6%.  ( 7 min )

(Bloomberg) -- US stock futures advanced as appetite for risk taking returned to global markets following the deal between President Joe Biden and House Speaker Kevin McCarthy on the US debt ceiling. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republi  ( 9 min )

Rental property owners save money by deducting mortgage interest, depreciation, property taxes, and the cost of operation and maintainence.  ( 31 min )

World insurance protects firms from being sued by an international plaintiff.  ( 19 min )

"FAKO Score” refers to any credit score that is not the “FICO Score” developed and sold by the credit scoring company, Fair Isaac Corporation (FICO).  ( 21 min )

Auction market preferred stock refers to preferred equity securities that have interest rates or dividends that are periodically reset.  ( 19 min )

The Heritage and Stabilization Fund is a sovereign wealth fund established in 2007 by the Republic of Trinidad and Tobago.  ( 20 min )

A double-barreled bond is a municipal bond in which the interest and principal payments are pledged by two distinct entities—revenue from a defined project and the issuer and its taxing power.  ( 20 min )

Blockchain can help the flow of data and money in emerging economies.  ( 22 min )

A lock period is the window of time over which a mortgage lender must keep a specific loan offer open to a borrower.  ( 19 min )

A lottery is a low-odds game of chance or process in which winners are decided by a random drawing.  ( 19 min )

Real estate investing has been white hot. Should you take out a home equity loan to get in on the action?  ( 23 min )

Learn about major hedge fund failures including the Madoff investment scandal and insider trading cases at SAC Capital, LTCM, and the Galleon Group.  ( 28 min )

Indexing may be a statistical measure for tracking economic data, a methodology for grouping a specific market segment, or an investment management strategy for passive investments.  ( 22 min )

Rescission is the voiding of a contract that a court does not recognize as legally binding. Find out when you can and cannot rescind a contract.  ( 23 min )

Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency called XRP.  ( 24 min )

British American Tobacco, Vector Group, and RLX Technology lead their peers for best value, fastest growth, and best performance, respectively.  ( 20 min )

Reverse calendar spread involves buying and selling a short and long term option on the same underlying security with the same strike price.  ( 19 min )

Consider the costs of installing and maintaining a swimming pool, and compare them with the utility and market value it adds to your home.  ( 24 min )

Capital loss carryover is the amount of capital losses a person or business can take into future tax years.  ( 26 min )

A Medicaid waiver is an expansion of Medicaid eligibility for people with disabilities, among other populations.  ( 22 min )

Learn about Elizabeth Warren's 50/20/30 budget rule; a simple and effective plan for personal money management and wealth creation.  ( 25 min )

Understanding what a fiduciary is will help you know what to expect from the person you trust with your money.  ( 22 min )

A second mortgage is a mortgage made while the original mortgage is still in effect. Learn the requirements for a second mortgage and how to apply.  ( 24 min )

A hash is a function that converts an input of letters and numbers into an encrypted output of a fixed length.  ( 23 min )

British American Tobacco, Vector Group, and RLX Technology lead their peers for best value, fastest growth, and best performance, respectively.  ( 1 min )

Grootouders zijn onmisbaar geworden voor gezinnen met jonge kinderen. Ze springen in het oppasgat dat de overspannen kinderopvangmarkt achterlaat. Groot voordeel voor opa en oma is dat ze een bijzondere band met hun kleinkinderen opbouwen. Het nadeel? Een weekje overslaan wordt ze niet in dank afgenomen.  ( 7 min )

De Turkse lira heeft maandag terrein verloren ten opzichte van de Amerikaanse dollar. De koersdaling van de Turkse munt volgt op de herverkiezing van president Recep Tayyip Erdogan, die zondag de tweede ronde van de presidentsverkiezing heeft gewonnen.  ( 4 min )

Grootouders zijn onmisbaar geworden voor gezinnen met jonge kinderen. Ze springen in het oppasgat dat de overspannen kinderopvangmarkt achterlaat. Groot voordeel voor opa en oma is dat ze een bijzondere band met hun kleinkinderen opbouwen. Het nadeel? Een weekje overslaan wordt niet in dank afgenomen.  ( 7 min )

De Europese Commissie werkt momenteel aan een digitale variant van de euro en wil volgende maand met een wetsvoorstel komen. Ondertussen heeft het kabinet een aantal eisen op tafel gelegd waar de e-euro aan moet voldoen. Maar waar is een digitale euro eigenlijk voor nodig? En is het zeker dat hij er komt?  ( 5 min )

Buurtwinkels hebben het druk met de stroom aan postpakketten. Hun magazijnen staan tot aan de nok toe vol met dozen die wachten om opgehaald te worden. Het levert winkeliers "belabberd weinig geld" op, maar slechts een enkeling stopt ermee.  ( 4 min )

Countries like El Salvador, Iran, and Venezuela have turned to cryptocurrencies as fiats have experienced inflation and other troubles.  ( 19 min )

Do you want to buy a house or apartment with lower upfront costs? Learn how mortgage points can help you pay less for your home.  ( 25 min )

Transfer pricing is an accounting and taxation-linked practice allowing companies to save on taxes.  ( 22 min )

Amazon has been reluctant to embrace Bitcoin for various reasons, though some of those reasons are purely speculation.  ( 21 min )

Here are three reasons to consider investing in multi-family real estate.  ( 20 min )

Mass index is a form of technical analysis that looks at the range between high and low stock prices over a period of time.  ( 18 min )

Accounts receivable discounted refers to the selling of unpaid outstanding invoices for a cash amount that is less than the face value of those invoices.  ( 19 min )

Gridlock occurs in politics when the government is unable to pass laws because rival parties control different parts of the executive and legislative branches.  ( 23 min )

The term "value chain" refers to the process in which businesses receive raw materials, add value to them to create a finished product, and then sell the finished product to consumers. A "supply chain" represents the steps it takes to get the product or service to the customer.  ( 19 min )

A fiscal agent is an organization, such as a bank or trust company, that acts on behalf of another party performing various financial duties.  ( 18 min )

Monoline refers to the practice of specializing in a single line or discipline of the financial services business.  ( 19 min )

Estimated long-term return is a hypothetical measure that forecasts an investor's expected return over the life of an investment.  ( 18 min )

Going public is the process of selling shares that were formerly privately held to new investors for the first time.  ( 20 min )

A tentative agreement between President Joe Biden and House Speaker Kevin McCarthy could lead to a stock market rally.  ( 17 min )

Floater insurance covers property that is easily movable and provides additional coverage beyond the scope of traditional policies.  ( 20 min )

"Spot commodity” refers to a commodity that is being sold with the intention of being delivered to the buyer either presently or within a few days.  ( 18 min )

An omnibus clause is an automobile liability insurance policy clause that extends coverage to individuals not named in the policy.  ( 19 min )

A chief risk officer (CRO) is an executive who identifies and mitigates events that could threaten a company.  ( 19 min )

Before you blame your advisor for your losses, be sure you know your rights and responsibilities.  ( 25 min )

Financial advisors can help you increase and protect your wealth. Learn when it’s time to fire your financial advisor and how to find a good one.  ( 22 min )

Summa cum laude is an academic level of distinction used by educational institutions to signify a degree that was received "with highest honor."  ( 23 min )

The initiatives are the first steps of a plan the White House hopes to form as it grapples with the impacts of artifical intelligence and considers regulation.  ( 18 min )

Savvy investors know to ask an advisor questions on these five essential subjects.  ( 21 min )

Learn how much financial advisors charge clients and discover the various payment plans available to customers seeking financial advisory services.  ( 23 min )

Surging inflation means that Health Savings Account contribution limits have risen, an opportunity for people who want to take full advantage of the tax advantages.  ( 16 min )

MercadoLibre, Aritzia, and MINISO Group lead the industry in revenue growth  ( 20 min )

The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Discover the current debt ceiling and its economic impact.  ( 28 min )

In a major step toward averting the debt ceiling crisis, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement to raise the national borrowing limit for two years.  ( 17 min )

Learn the basic lingo of bonds to unveil familiar market dynamics and open to the door to becoming a competent bond investor.  ( 28 min )

(Reuters) -Oil prices rose on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, although concerns about further interest rate hikes capped gains. U.S. President Joe Biden and House Speaker Kevin McCarthy on the weekend forged an agreement to suspend the $31.4 trillion debt ceiling and cap government spending for the next two years.  ( 7 min )

Oil prices rose in early Asian trade on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer. Brent crude futures climbed 39 cents, or 0.5%, to $77.34 a barrel by 2317 GMT, while U.S. West Texas Intermediate crude was at $73.12 a barrel, up 45 cents, or 0.6%. U.S. President Joe Biden and House Speaker Kevin McCarthy on Saturday reached an agreement in principle to suspend the $31.4 trillion debt ceiling.  ( 7 min )

Today, investors have access to huge amounts of information that can help in pointing towards the best stocks to pick up. So much information, in fact, that it can often result in overload and confusion, rather than providing a clear signal. Therefore, it might be best to stick to an uncomplicated regime and let the stock picking experts lead the way. And on Wall Street, right now Jeffries analyst Mark Lipacis is the best of the lot. According to TipRanks, a platform that tracks and measures the  ( 10 min )

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Optimism and relief are likely to be the dominant emotions for investors on Monday, giving markets in Asia a lift as lawmakers in Washington reached a tentative agreement on the U.S. debt ceiling, thus removing the risk of a catastrophic default. Trading and market liquidity in Asia will be lighter than usual, however, with U.S. and UK markets closed for holidays, opening up the potential for outsized market moves. If so, they are likely to be outsized gains, certainly across risk assets - Wall Street rallied strongly on Friday, particularly the Nasdaq and mega tech stocks, and the news from Washington over the weekend will only be seen as positive.  ( 7 min )

Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers face a difficult path to pass the agreement through Congress before the June 5 deadline. A deal to lift the $31.4 trillion debt limit announced by the White House and House Republicans late Saturday would avert a catastrophic U.S. default and boost overall appetite for risk while also buoying some of the sectors that have been left behind in this year’s tech-led rally, such as cyclical stocks and small caps, investors said. But some are wary that proposed spending cuts could weigh on U.S. growth.  ( 9 min )

Musk’s latest push toward turning Twitter into an actual town square. In the future, Ford’s next generation of EVs will be equipped with Tesla’s charge port, called the North American Charging Standard, starting in 2025. This will give them access to 12,000 Tesla Superchargers in the U.S. and Canada, which is double the number Ford customers currently have access to.  ( 14 min )

The market is closed on Monday for Memorial Day. Then, earnings reports, May jobs data, April JOLTS, consumer confidence, and manufacturing PMI.  ( 22 min )

A tentative agreement between President Joe Biden and House Speaker Kevin McCarthy could lead to a stock market rally.  ( 17 min )

For one New York lawyer, the nightmare of losing a job to AI could become a reality sooner than expected, but not for the reasons you might think.  ( 6 min )

(Bloomberg) -- The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind to a US economy already burdened by the highest interest rates in decades and reduced access to credit.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTraders Gear Up to Embrace Riskier Assets After Debt-Cap DealTexas AG Ken P  ( 8 min )

State Farm will no longer provide home insurance to new California customers because of wildfire risks and an increase in construction costs.  ( 6 min )

Investors will have eyes on Friday's jobs report and what's next in the artificial intelligence led rally in stocks.  ( 11 min )

Chicago Federal Reserve Bank President Austan Goolsbee said on Sunday he won't 'prejudge' whether he would support an interest-rate hike at the upcoming Fed meeting in June, but noted that the full impact of the central bank's rate increases to date have yet to be felt. "We are going to get a lot of important data between now and then," Goolsbee told CBS's Face the Nation. "The actions that the Fed takes take months or even years to work their way through the system...  ( 5 min )

(Bloomberg) -- Brazilians are struggling to pay their debts on time, with four out every ten adults facing default, as central bankers keep monetary policy tight in an effort to bring inflation back to their target. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valle  ( 6 min )

Last week’s inflation figure was an absolute stinker. You could have been deceived into thinking that it was good news because the headline rate fell from 10.1pc to 8.7pc, but this drop was solely caused by last April's bumper increase in energy prices falling out of the annual comparison.  ( 9 min )

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It’s safe to say that tech has been on the up recently. The spread of artificial intelligence (AI) has lit a fire under investors, and tech stocks have rallied some $4 trillion this year. The NASDAQ index, which is tech-heavy to begin with, gained 2.5% last week, and is up almost 25% since the onset of 2023, marking a turnaround from 2022’s bear market. By comparison, the S&P 500 is only up 9%, and the Dow has slipped slightly. The biggest winner in the tech rally so far is Nvidia. The company i  ( 11 min )

A US judge gave final approval to a $50 million class-action settlement that will see payments sent out to users of older MacBook laptops.  ( 6 min )

The boss of Aldi has warned Downing Street that increases in the minimum wage will drive up food prices for shoppers, as ministers race to tackle the cost of living crisis.  ( 7 min )

(Bloomberg) -- Bond traders look set to pivot from worrying the US wouldn’t raise its debt limit to fretting about what the increase means for money markets.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking DownThe concern is that with a tentative deal  ( 7 min )

Anticipating your retirement expenses is key to saving the right amount in 401(k)s, IRAs and more. Although getting exact figures might not be possible, projecting costs for healthcare, housing and lifestyle can help you create a realistic savings goal during … Continue reading → The post How to Estimate Your Expenses in Retirement appeared first on SmartAsset Blog.  ( 13 min )

Numerous European countries are among the world's most attractive retirement destinations, and the United Kingdom (U.K.) is no exception. With its rustic villages, historic landmarks and lower cost of living, the U.K. can offer retirees the exact right amount of … Continue reading → The post How to Retire in the United Kingdom (UK) appeared first on SmartAsset Blog.  ( 10 min )

Mutual funds allow investors to diversify their portfolios by purchasing a broad range of assets in a single fund. Investors can buy mutual funds online directly through a fund provider, an investment company or an online brokerage. Here is how … Continue reading → The post How to Invest in Mutual Funds Online appeared first on SmartAsset Blog.  ( 9 min )

Regardless of when you start, saving for retirement is vital. Although most elderly Americans depend on Social Security to some degree, the average recipient collects only $1,691 per month – not enough money to live comfortably in most places. Your strategy for … Continue reading → The post How to Save for Retirement in Your 50s appeared first on SmartAsset Blog.  ( 10 min )

Inflation and rising interest rates have made saving difficult, especially if you're not in the top income bracket. Relentless monthly costs and unexpected expenses can put a hole in your budget and derail your savings efforts. And saving money on … Continue reading → The post How to Save Money on Low Income appeared first on SmartAsset Blog.  ( 8 min )

If you're ready to step into the waters of investment property financing, this guide is here to help. You need to have your money and credit in order and know what your options are for loans. After all, purchasing an … Continue reading → The post Investment Property Financing Guide appeared first on SmartAsset Blog.  ( 9 min )

In January, the Treasury ran out of revenue to continue paying the government's bills. Ordinarily, when the Treasury needs to spend more money than it collects in taxes, it issues new bonds. However, as of last month it reached a … Continue reading → The post How Can A Trillion Dollar Coin Raise the Debt Ceiling? appeared first on SmartAsset Blog.  ( 11 min )

The green push by the U.S. and state governments is turning trash into treasure and boosting the firms that handle America’s garbage.  ( 28 min )

(Bloomberg) -- Global markets are primed for a relief rally after US negotiators agreed to a tentative deal over the weekend to resolve a debt crisis that has battered risk sentiment in recent weeks.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking Down  ( 7 min )

(Bloomberg) -- A shakeup is brewing in the $1.6 trillion universe of emerging-market sovereign debt — whether Wall Street likes it or not.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking DownAs government defaults rise to a record in the developing wor  ( 8 min )

Most of us have fits and starts on our financial journeys. But in the end, it comes down to “prosaic prudence,” Jonathan Clements, a retirement expert says.  ( 10 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

A tentative deal between the White House and Republicans to raise the US debt ceiling could bring temporary relief to the global financial market but there is still the risk of collateral damage, Chinese observers warned on the weekend. US President Joe Biden and House Speaker Kevin McCarthy reached an agreement in principle on Saturday on a deal that is believed to include a two-year debt limit increase and a cap on non-defence spending by the government. The agreement still needs the approval  ( 8 min )

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One measure shows large-cap stocks beating smaller companies by the widest margin in 25 years.  ( 28 min )

Long before green energy became de rigueur, Rolls-Royce was exploring how to generate clean power.  ( 10 min )

The production of lithium is scaling up rapidly, alongside the establishment of lithium refineries like the one built by Tesla (TSLA), which CEO Elon Musk has referred to as a “license to print money.” These refineries offer the opportunity to process lower-grade lithium, which is more abundant, into batteries suitable for EVs. At the same time, hedge fund managers and analysts see promise in another aspect of powering EVs – silicon carbide chips. The electric vehicle (EV) revolution is gaining  ( 8 min )

Proxy adviser Institutional Shareholder Services (ISS) has recommended that shareholders of Toyota Motor Corp vote in favour of a resolution urging the automaker to improve disclosure of its lobbying related to climate change. The recommendation comes as Japan's largest company by market capitalisation faces pressure from green investors and climate activists which have criticised it for being slower than rivals to embrace all-battery electric vehicles (EVs). ISS in a report also said it regarded three of Toyota's four outside board director nominees as not truly independent.  ( 7 min )

(Bloomberg) -- European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEur  ( 8 min )

An electric lorry company run by the “Elon Musk of Essex” has been forced to fight off legal action over late payments as it lays off staff and seeks to raise new funding.  ( 7 min )

(Bloomberg) -- US employers are gradually dialing back the pace of hiring and hourly earnings are moderating, offering some solace to Federal Reserve policymakers in their bid to wrangle still-elevated inflation.Most Read from BloombergWhite House, Republicans Reach Deal to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelEurope’s Economic Engine Is Breaking DownTexas AG Ken Paxton Impeached by Republican-Led State House‘Last of Us’ Multiplayer Video Game Faces Setbacks  ( 9 min )

Inflation fell less than expected in April. The UK’s consumer price index was 8.7pc higher last month than in April 2022, down from 10.1pc in March.  ( 9 min )

Bonds are meant to be boring. Investors buy them because they provide a predictable income stream. Pension funds buy them to hedge against their riskier bets. Prices and yields are usually dull and predictable - yet that is precisely the point.  ( 15 min )

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Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Saturday reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, two sources familiar with the negotiations said, potentially averting an economically destabilizing default. "This will be pretty good for the market," said Amo Sahota, director at KlarityFX, adding that it may give more reason for the U.S. Federal Reserve to feel confident about raising rates again.  ( 8 min )

In a major step toward averting the debt ceiling crisis, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement to raise the national borrowing limit for two years.  ( 19 min )

The Federal Reserve’s interest-rate increases affect Europe’s economy as much as—or even more than—they do the U.S.  ( 28 min )

U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate, two sources familiar with the negotiations said on Saturday. Where there were the most distortions from the uncertainty was in the credit markets and in the Treasury bill market... I think on Tuesday, when the market reopens in the U.S., we should see those two distortions fixed.  ( 7 min )

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Een vooruitblik op wat de financiële markten komende week te wachten staat: beleggers zullen vooral de inflatiecijfers uit verschillende Europese landen en het Amerikaanse schuldenplafond in de gaten houden. Qua bedrijfscijfers blijft het rustig.  ( 4 min )

De Europese energietransitie is niet mogelijk zonder China. Dat stelt minister voor Buitenlandse Handel en Ontwikkelingssamenwerking Liesje Schreinemacher zondag. Europa probeert minder afhankelijk van het Aziatische land te worden. Maar moet het daarbij niet helemaal 'ontkoppelen', stelt de bewindsvrouw.  ( 4 min )

De Britse regering werkt aan plannen om voor bepaalde basisproducten in de supermarkt een maximumprijs te stellen. Dat schrijft de Britse nieuwssite Sky News zondag op basis van regeringsbronnen. Supermarkten zouden op vrijwillige basis aan het plan kunnen meedoen.  ( 3 min )

Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een vliegtuig van het type C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagochtend van Shanghai naar Peking.  ( 3 min )

Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een vliegtuig van het type C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagochtend van Shanghai naar Peking.  ( 3 min )

De Amerikaanse president Joe Biden heeft een voorlopig akkoord bereikt met de Republikeinen over verhoging van het schuldenplafond van de Amerikaanse overheid. Daarmee lijken de Verenigde Staten voorlopig uit de gevarenzone, maar het Congres moet nog wel over het akkoord stemmen.  ( 4 min )

Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagmorgen van Shanghai naar Peking.  ( 3 min )

De Amerikaanse president Joe Biden en de Republikeinse voorzitter van het Huis van Afgevaardigden Kevin McCarthy, hebben zaterdagavond (lokale tijd) een voorlopig akkoord bereikt over verhoging van het schuldenplafond van de Amerikaanse overheid. Daarmee lijkt de VS voorlopig uit de gevarenzone, maar het Congres moet nog wel over het akkoord stemmen.  ( 4 min )

Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een C919 van de Chinese vliegtuigbouwer Comac. Het toestel steeg even na 10.30 uur lokale tijd op vanaf het vliegveld in Shanghai, zo blijkt uit beelden van staatsomroep CCTV.  ( 3 min )

De Russische economie verliest steeds meer terrein op het wereldtoneel. Moskou houdt het hoofd nog boven water vanwege de verkoop van olie en gas aan onder meer China. Maar op de lange termijn is dat niet houdbaar aangezien de oorlog in Oekraïne voorlopig niet voorbij is.  ( 5 min )

Gen Z has proven that they aren’t afraid to invest. Roth IRAs offer a tax-advantaged way to diversify their portfolios.  ( 23 min )

The top Zoom shareholders are Santiago Subotovsky, Ryan Azus, Janine Pelosi, Eric Yuan, Bin Yuan and Cathy Wang, and Li Ka-shing.  ( 21 min )

For individuals and businesses, income means the money that they receive for their labor or products. Each type of income has its own tax regulations.  ( 25 min )

Treasury bills, or "T-bills," are debt obligations issued by the U.S. government. Learning how to read the quotes is the first step to start trading.  ( 19 min )

PayPal's business model is prioritizes safe transactions between buyers and sellers, but there are still risks to keep in mind. Learn how PayPal compares to credit cards.  ( 24 min )

Learn how to go about getting the best deal possible when you buy a used car. After three years, the average car is worth about 60% of its price when new.  ( 30 min )

The list of names and amounts of U.S. debt held by the five foreign countries that own the most and why.  ( 22 min )

Probability density function is a statistical expression defining the likelihood of a series of outcomes for a continuous variable, such as a stock or ETF return.  ( 21 min )

A price to earnings ratio helps investors find the market value of a stock compared to the company's earnings. Learn how the P/E and PEG assess a stock's future growth.  ( 25 min )

Should you buy a new or used car? Here are the pros and cons of each, and how to decide which is right for you  ( 23 min )

A spot rate is a price for a transaction that is happening immediately. For a transaction that is to occur in the future, the price is called the forward rate.  ( 24 min )

Learn how the notional value of a futures contract is calculated and why you need to know how to do so.  ( 21 min )

Money market accounts can be helpful spots for investors to park their money. Here are five key things to keep in mind when opening an account.  ( 23 min )

What's in the $1.2 trillion bipartisan infrastructure bill—and the now $2.3 trillion bill the House passed—and where we go from here.  ( 38 min )

Depending on your 401(k) plan, contributions may be matched by an employer in a number of ways.  ( 25 min )

We developed criteria to compare personal loan providers. Learn more about our personal loan provider rating methodology.  ( 18 min )

Trigger line refers to a moving average plotted on a MACD indicator that is used to generate buy and sell signals in a security.  ( 21 min )

For more than a year, economists have been waiting for a recession to arrive—however, it keeps standing them up, and it might be called off completely.  ( 20 min )

Greenidge Generation Holdings, Robinhood Markets, and Applied Digital lead the cryptocurrency stock space for best value, fastest growth, and most momentum, respectively.  ( 20 min )

High mortgage rates and home prices are persuading more potential homebuyers to stay put for now.  ( 19 min )

Shonda Rhimes' Show `Queen Charlotte' Most Watched on Netflix Right Now-Here's Her Net Worth  ( 18 min )

AAA is the highest possible credit rating that may be assigned to a debt issuer’s bonds by any of the major credit-rating agencies: Standard & Poor’s (S&P), Fitch, and Moody’s.  ( 19 min )

The top Zoom shareholders are Santiago Subotovsky, Ryan Azus, Janine Pelosi, Eric Yuan, Bin Yuan and Cathy Wang, and Li Ka-shing.  ( 21 min )

Nvidia's role in powering the AI sector's vast ambitions means it will be a clear leader in the space for a long time, sources told Insider.  ( 8 min )

"There's not enough retail interest to indicate a bubble is forming, and there's a lot more room for retail investors to get involved in these names."  ( 7 min )

(Bloomberg) -- In an era of historic inflation, one alternative investment has been making its way into portfolios as a diversifier and potential hedge against stubborn price pressures: farmland.Most Read from BloombergEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyWorld’s Richest Man Throws In Towel on Beverly Hills HotelA $189 Airport Travel Hack Is No Longer Working Very WellDebt-Limit Talks Get More Time as US Treasury Pushes Back Deadline“  ( 8 min )

Default would be "one more piece of the puzzle where investors around the world say this is not a reliable leader of the international finance system."  ( 7 min )

Warren Buffett warned in 2011 that failing to raise the debt ceiling might be the most idiotic move in the history of Congress.  ( 7 min )

The majority of votes counted in this week’s referendum were against plans by LVMH’s Cheval Blanc brand to build its first hotel in the U.S.  ( 28 min )

Depending on your 401(k) plan, contributions may be matched by an employer in a number of ways.  ( 25 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Investors believe AI is the latest tech revolution. Millennial workers are worried this will mean less pay for the same work.  ( 8 min )

From burner phones to inquisitive border agents, the WSJ has consulted experts on the do’s and don’ts in an era of heightened tensions.  ( 28 min )

Tensions are rising between Saudi Arabia and Russia as Moscow keeps pumping large volumes of cheaper crude into the market, undermining Riyadh’s efforts to bolster energy prices.  ( 29 min )

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A Gallup poll found that expectations for a comfortable retirement are the most pessimistic they have been in over a decade.  ( 9 min )

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You can transfer your individual retirement account (IRA) to a savings account, but you may have to pay a penalty and income tax. Here's what you need to know. When you have a big expense to cover, you might ask … Continue reading → The post Can I Transfer My IRA into a Savings Account? appeared first on SmartAsset Blog.  ( 9 min )

The very essence of a retirement nest egg lies in the concept of patient growth and compounding of investments over time. Its purpose is to offer a bountiful reserve of funds when one bids farewell to the workforce, ensuring a … Continue reading → The post Alarming Number of Working Americans Cash Out Retirement Accounts When Changing Jobs appeared first on SmartAsset Blog.  ( 8 min )

Real estate offers myriad investment choices, from single-family homes to data centers. The ideal asset for you depends on factors such as your investment size and strategy. Over the past several decades, investors have diversified their portfolios by capitalizing on … Continue reading → The post How to Invest in Storage Units appeared first on SmartAsset Blog.  ( 10 min )

President Joe Biden has championed a substantial financial proposal in the latter half of his term: increasing taxes on businesses engaging in stock buybacks. This initiative aims to redirect corporate funds toward business expansion and job creation, instead of primarily … Continue reading → The post Biden's Stock Buyback Tax Gets Pushback appeared first on SmartAsset Blog.  ( 7 min )

While governments and top tech executives argue about artificial intelligence’s ability to trigger a global conflict, the humans actually working on the technology are busy fighting a war of wages.  ( 9 min )

Greenidge Generation Holdings, Robinhood Markets, and Applied Digital lead the cryptocurrency stock space for best value, fastest growth, and most momentum, respectively.  ( 21 min )

Investors are still betting against a number of banks in the western half of the country. Some of those lenders say their fundamental strengths are being overlooked.  ( 11 min )

Costco CFO Richard Galanti on Thursday offered some observations on inflationary pressures, saying they continue to "abate somewhat" for the retailer.  ( 8 min )

Wall Street veteran Vivek Ramaswamy has made issues from the fringes of finance central to his campaign for the Republican nomination.  ( 30 min )

The company’s chips are leaders in processing the complex calculations driving the latest internet revolution.  ( 29 min )

The national debt is a real issue. A debt ceiling standoff that risks a default is the worst way to address it, experts say.  ( 12 min )

Many brands have long shrugged off criticism of their stands on social issues, but Target and Bud Light just proved that even huge corporations can be made to bend.  ( 29 min )

Hyundai Motor Group and LG Energy Solution announced that they will build a $4.3 billion electric battery plant as part of Hyundai's new electric vehicle assembly plant in Georgia.  ( 8 min )

It was enough to send a chill through any voter. Speaking to Sky News, Jeremy Hunt was asked if he would be comfortable with interest rates reaching such a height that the economy tips into recession.  ( 9 min )

When the bond markets dramatically turned on the UK in the wake of the disastrous mini-Budget last autumn, it prompted lengthy lectures on the crazy excesses of “Trussonomics”.  ( 8 min )

(Bloomberg) -- The outlook on France’s credit rating was reduced to negative from stable by Scope Ratings, raising questions about President Emmanuel Macron’s efforts to spur growth and reduce a crisis-swollen debt burden. Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two Years‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeA $189 Airport Travel H  ( 6 min )

(Bloomberg) -- When Otmar Issing became chief economist of the fledgling European Central Bank a quarter of a century ago, he was greeted with a letter from one of the project’s leading skeptics.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTraders Gear Up to Embrace Riskier Assets After Debt-Cap DealTexas AG Ken Paxton Impeached by Republican  ( 8 min )

The Dow snapped a losing streak as investors headed into Memorial Day anticipating Washington will reach a deal to raise the debt ceiling.  ( 7 min )

E-commerce shopping trends and satellite images are no longer available to foreign users of Wind, clouding their view of the world’s second-largest economy.  ( 27 min )

Nvidia stock skyrocketed this week, driving a fresh AI frenzy after reporting stellar earnings and strong guidance.  ( 7 min )

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Holmes’s downfall was triggered by these Wall Street Journal articles about the blood-testing company and its founder.  ( 24 min )

Heavy concentration of gains recalls the excesses that preceded some epic market tumbles.  ( 22 min )

Bedrijven gaan steeds vaker in zee met oudere werknemers vanwege de krapte op de arbeidsmarkt. "Er wordt veel breder gekeken naar kandidaten. Het is echt een enorm verschil met een aantal jaar geleden", zegt arbeidsmarktdeskundige Rob Witjes van het UWV.  ( 4 min )

Passagiers die zaterdag arriveren op luchthavens in het Verenigd Koninkrijk hebben te maken met lange wachtrijen vanwege een storing bij de elektronische paspoortcontrole.  ( 3 min )

De Iraakse overheid heeft zaterdag een project gelanceerd dat de belangrijke goederenhaven aan de zuidkust via spoor en wegen verbindt met de grens met Turkije. Het 17 miljard dollar kostende project moet de Iraakse economie helpen transformeren na decennia van oorlogen en conflicten in het land.  ( 4 min )

De Iraakse overheid heeft zaterdag een project gelanceerd ter waarde van 17 miljard dollar voor de verbinding van een ​​belangrijke goederenhaven aan de zuidkust via spoor en wegen met de grens met Turkije. Het miljardenproject moet helpen bij het transformeren van de Iraakse economie na decennia van oorlog en conflict in het land.  ( 4 min )

De zomer staat weer voor de deur, dus trekken Nederlanders de komende weken massaal hun caravan of camper uit de stalling om op vakantie te kunnen gaan. Een televisie behoort vaak tot de standaarduitrusting, maar tv kijken op de camping blijft een uitdaging.  ( 4 min )

Klimaatverandering kan de komende tien jaar de wereldwijde inflatie aan gaan jagen, bijvoorbeeld omdat voedselprijzen harder stijgen. Dat stelt de Europese Centrale Bank (ECB) op basis van nieuw onderzoek. Volgens de studie kan het jaarlijks om een stijging met meer dan 1 procentpunt gaan.  ( 3 min )

VDL dreigt met het intrekken van een bonus van 7.500 euro als de medewerkers van Nedcar doorgaan met staken. Dat blijkt uit een interne mededeling van Nedcar-directeur John van Soerland aan de medewerkers van de autofabriek in Born.  ( 4 min )

Een meerderheid van de Duitsers staat sceptisch tegen de eventuele komst van een digitale euro, waaraan wordt gewerkt door de Europese Centrale Bank (ECB). Dat blijkt uit een peiling die de Duitse branchevereniging voor banken heeft laten uitvoeren.  ( 3 min )

Frankrijk heeft een nieuwe waarschuwing gekregen van een kredietbeoordelaar over zijn huishoudboekje. Het kleinere Europese kredietbeoordelingsbureau Scope heeft de zogeheten outlook voor de Franse kredietwaardigheid verlaagd naar negatief. Het bureau is met name bezorgd over de hoge staatsschuld van het land.  ( 3 min )

De grootste energieverbruikers van Nederland betalen maar een heel klein deel van alle energiebelasting: minder dan 2,5 procent. Huishoudens en kleine bedrijven draaien op voor het merendeel van de belasting op stroom en aardgas, blijkt uit een analyse van NU.nl.  ( 7 min )

Twitter houdt zich niet langer aan een vrijwillige Europese gedragscode voor internetplatforms. Eurocommissaris Thierry Breton (Industrie) meldt op Twitter dat het sociale medium van Elon Musk uit de EU-overeenkomst is gestapt.  ( 3 min )

Jamie Dimon, CEO en bestuursvoorzitter van bankconcern JPMorgan Chase, heeft onder ede verklaard dat hij nooit contact heeft gehad met zedendelinquent Jeffrey Epstein. De zaak was door de Amerikaanse Maagdeneilanden en slachtoffers van Epstein aangespannen tegen het bedrijf.  ( 3 min )

Via NUjij vroegen wij welke vragen jullie over de woningmarkt hebben. Onze economieverslaggever Tom van Gurp geeft hier antwoord op jullie prangendste vragen.  ( 6 min )

Het nieuwe pensioen staat voor de deur. Dinsdag stemt de Eerste Kamer voor een hervorming van het pensioenstelsel. Dat stelsel brengt wat nieuwe onzekerheden met zich mee. Hoe kun je voor de zekerheid voor wat extra pensioen zorgen?  ( 6 min )

De grootste energieverbruikers van Nederland betalen maar een heel klein deel van alle energiebelasting: minder dan 2,5 procent. Huishoudens en kleine bedrijven draaien op voor het merendeel van de belasting op stroom en aardgas, blijkt uit een analyse van NU.nl.  ( 7 min )

Shonda Rhimes' Show `Queen Charlotte' Most Watched on Netflix Right Now-Here's Her Net Worth  ( 1 min )

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The move is a blow to the state’s efforts to maintain a vibrant market for homeowners in the wildfire-prone state.  ( 26 min )

The stock is down 35% since Barron’s first recommended it. Here’s why it’s a good time to get in.  ( 23 min )

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Lordstown Motors’ former CEO Steve burns lowered his stake in the maker of electric trucks. Atea Pharmaceuticals is evaluating an M&A offer.  ( 22 min )

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Readers weigh in on the prospects for oil and gas, a scenario for interest-rate hikes, and ChatGPT companies  ( 22 min )

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The furniture and home-decor chain suspended its quarterly dividend amid declining sales and widening losses.  ( 26 min )

(Bloomberg) -- Speculators ramped up their bearish stance on the yen to the highest in nearly a year as the currency extended its slide against the dollar with markets boosting bets on the Federal Reserve hiking rates.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economi  ( 7 min )

COVID-19 was hell for tech stock and chip manufacturers. But AI has now flipped the script. Here are the companies benefiting the most so far.  ( 9 min )

Meta has announced layoffs of 21,000 workers over the past year. But that's all part of Zuckerberg's push for greater efficiency.  ( 8 min )

(Bloomberg) -- Bond investors are beginning to look beyond the debt-ceiling quagmire even as Treasury Secretary Janet Yellen’s warnings about when the US will run out of borrowing capacity become more pointed. What lies beyond is a bit troubling.Most Read from BloombergEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion Surge‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEmerging US Debt Deal Would Raise Limit, Cap Spending for Two Years  ( 9 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

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See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

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Nvidia and other tech stocks have added billions of dollars in market value as the technology has boomed  ( 28 min )

(Bloomberg) -- ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50% stake in the Surmont oil-sands field for as much as $3.33 billion, giving it full control of the Canadian operation and thwarting efforts by Suncor Energy Inc. to buy into the site.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeCredit Suisse Loses Singapore Case Agai  ( 8 min )

Ulta Beauty cut its operating margin outlook, and said its recent boom in growth will slow.  ( 17 min )

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Jennison Associates' nearly 1% stake in Nvidia has ballooned in value from $3.4 billion to $8.6 billion this year, assuming it hasn't cashed out.  ( 7 min )

Marvell Technology (MRVL) is the latest tech firm to say it is benefitting from the boom in artificial intelligence (AI), and shares skyrocketed on Friday after the company released its first-quarter earnings.  ( 17 min )

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Many workers are graduating and “going to be in a hole and they can’t invest," Anthony Noto said.  ( 9 min )

Stocks with any combination of durable volumes, attractive relative valuations, and some margin recovery are worth watching, a Wells Fargo analyst says.  ( 41 min )

When bond prices go down, yields go up. The 10-year Treasury note now yields 3.8%, up from a recent low of just over 3.3%.  ( 22 min )

It’s no secret that oil companies have been gushing profits and cash flow. After all, when Big Oil reported financial results for 2022, President Joe Biden called the industry’s record profits “outrageous.” And that means these major oil producers can return a lot of cash to investors. For instance, Chevron Corp. announced a 6% increase to its quarterly dividend to $1.51 per share in January. At the current share price, the oil-producing giant offers an annual dividend yield of 3.8%. At ExxonMob  ( 9 min )

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(Bloomberg) -- Cathie Wood defended her firm’s decision to bail on Nvidia Corp. before the chipmaker’s shares surged 160%, saying the computer-chip industry’s boom-bust cycle poses risks.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First Republic Employ  ( 8 min )

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If you’re an income investor, chances are good that you love having dividend stocks in your portfolio with dividends that grow precipitously over time. But not all dividend stocks have substantial dividend growth. It takes ongoing earnings growth to enable a company to continue raising its dividend without running into difficulty paying its shareholders. Take a look at three real estate investment trusts (REITs) that have had superb dividend growth over the past five years, putting them well ahe  ( 9 min )

(Bloomberg) -- With the artificial-intelligence hype sweeping across Wall Street, a massive inflow turned a popular ETF tracking chipmakers into the largest of its category.Most Read from BloombergEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeA $189 Airport Travel Hack Is No Longer Working Very WellThe iShares Semi  ( 8 min )

The Tesla CEO bemoaned an "overallocation of talent towards apps on phones."  ( 8 min )

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The stock was on track for its lowest close since August 2020.  ( 22 min )

The high-end Equinox gym claimed Röbynn Europe was fired for repeated tardiness. Europe alleged her firing was retaliation.  ( 7 min )

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JPMorgan has filed a trademark application for an A.I. software that can pick stocks—and much more.  ( 8 min )

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CEO Dave Powers doubled down on the success of the company’s Hoka brand in a call with analysts on Thursday evening.  ( 8 min )

The upper middle class is feeling the economic squeeze too.  ( 27 min )

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The US stock market is poised to end the week on a positive note, fueling optimism as the long holiday weekend approaches. This positive sentiment stems from the news that the White House and congressional Republicans are nearing the final stages of reaching an agreement to raise the government’s debt ceiling, which currently stands at $31.4 trillion. A successful debt ceiling bill would lay to rest fears that the US could default on debt obligations and avoid the risks such an event would bring  ( 10 min )

Meta's latest round of layoffs are part of an initiative that has been cheered by investors, but left some former employees relieved to be done with their time at the social media giant.  ( 8 min )

Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans this week to pursue an initial public offering of the business. Lopez Obrador, speaking at a press conference, noted that the bank had also said it wants the unit known as Banamex to have Mexican shareholders. Citi on Wednesday said it was planning an IPO for the Mexican unit, abandoning earlier plans for a sale, prompting Lopez Obrador to announce that the Mexican government could invest in Banamex and had up to $3 billion at its disposal.  ( 7 min )

Returns reach levels not seen in years, and the short-term U.S. securities offer liquidity with little risk, despite the battle over the debt ceiling.  ( 22 min )

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(Bloomberg) -- Morgan Stanley’s chief US equity strategist isn’t convinced the stock rally is here to stay and strengthened his warning about a potential market downshift later this year. Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First Republic Emplo  ( 8 min )

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Nvidia’s 24% rally in Thursday’s session turned heads on Wall Street and raised questions about whether the AI-driven market frenzy is becoming a bubble. But it wasn’t necessarily ret  ( 27 min )

David Einhorn’s hedge fund, Greenlight Capital, enjoyed some big gains in 2022, being one of the few to benefit from last year’s bear market. The conditions suited the value investor’s style, and the fund had its best year in a decade. However, it has been a different story so far this year, as Greenlight has been underperforming the broad markets. Einhorn, however, is not about to bang his head against the wall and try to fit a square into a circle. In a recent letter to shareholders, he stated  ( 10 min )

Ulta's average sales per customer fell for the first time in more than five years, the company reported Thursday.  ( 22 min )

Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog.  ( 8 min )

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New York City is taking its business away from banks that lack anti-discrimination plans.  ( 9 min )

Retirement offers you the time to do the kind of stuff you always wanted to do but couldn't because work filled up your schedule. Of course, retirement also typically means living on a fixed income, which may limit your ability … Continue reading → The post 6 Fun Things to Do in Retirement on a Budget appeared first on SmartAsset Blog.  ( 8 min )

If you have multiple millions set aside for retirement, you may still feel a little nervous at the possibility of giving up a steady paycheck at age 50. After all, many resources that people use for retirement such as traditional retirement … Continue reading → The post Is $10 Million Enough for You to Retire at 50? appeared first on SmartAsset Blog.  ( 9 min )

Buying a home is one of the biggest financial decisions many people will ever make. And it can also be one of the most complex. Even the simple question of what percentage of your income should safely go to a … Continue reading → The post What Percentage of Your Income Should Safely Go to a Mortgage? appeared first on SmartAsset Blog.  ( 8 min )

Retiring at 40 may sound like a pipe dream. But it's entirely within reach if you save $1 million while working. The key elements for achieving this feat are sticking to a budget and implementing a comprehensive retirement strategy. But … Continue reading → The post Can I Retire at 40 With $1 Million? appeared first on SmartAsset Blog.  ( 12 min )

For some people, retirement can feel a bit like the dog that caught the car. You've prepared for this moment your entire adult life, and you're certainly very happy to have gotten here but … well, now what? You've spent … Continue reading → The post Five Tips to Enjoy Life After Retirement appeared first on SmartAsset Blog.  ( 8 min )

Traders of futures contracts tied to the Federal Reserve's policy rate boosted bets on Friday that the U.S. central bank is not yet done on raising interest rates, after a government report showed inflation last month rose faster than expected. Implied yields on the contracts rose after the Commerce Department report, reflecting about a 60% chance that the Fed will increase its target range for the benchmark rate, currently at 5%-5.25%, by a quarter of a percentage point at its June meeting. Futures contracts earlier in the day were pricing in about a 60% chance the Fed would skip a June rate hike.  ( 5 min )

U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the second quarter, and inflation picked up, which could see the Federal Reserve keeping interest rates higher for some time. Consumer spending jumped 0.8% last month, the Commerce Department said on Friday. Economists polled by Reuters had forecast consumer spending, which accounts for more than two-thirds of U.S. economic activity, rising 0.4%.  ( 6 min )

A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April, much higher than the 0.1% increase the previous month. The government reported Friday that the year-over-year figure was down sharply from a peak of 7% last June yet remains far above the Fed's 2% inflation target, and it surpassed the 4.2% figure in March.  ( 8 min )

Stocks rose slightly on Friday morning as investors awaited more news on the debt ceiling deliberations in Washington ahead of the holiday weekend.  ( 8 min )

Make no mistake, Nvidia has captured the imagination of Wall Street.  ( 9 min )

Increasing demand for generative AI is driving Marvell's network products, this analysts says.  ( 22 min )

The company made its first crewed test flight since Sir Richard Branson went to orbit in July 2021.  ( 22 min )

RH continues its stretch of poor results, in part because of poor execution.  ( 8 min )

Broadcom Inc. (AVGO) shares gained 14% in May alone. The latest surge in potential A.I. related companies has helped. However, unusual buying in the shares has been a theme for months.  ( 7 min )

(Bloomberg) -- Comcast Corp. Chief Executive Officer Brian Roberts has a penchant for lining up a huge deal around every five years or so. It was 2018 the last time he made a big acquisition, and Wall Street is ready for his next dramatic move.Most Read from BloombergWorld’s Richest Man Throws In Towel on Beverly Hills HotelEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyA $189 Airport Travel Hack Is No Longer Working Very WellDebt-Limit Talks G  ( 12 min )

Cathie Wood's Ark Innovation ETF sold its Nvidia shares before the majority of the chip maker's stock rally but is backing automation software maker UiPath.  ( 23 min )

Applied Materials Inc. (AMAT) shares gained 15% in the month of May alone. The latest surge in potential A.I. related companies has helped. However, unusual buying in the shares has been a theme for months.  ( 7 min )

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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 24 min )

(Bloomberg) -- Nvidia Corp. gave investors what they were looking for this week: concrete evidence that the surge in artificial intelligence is resulting in a sales boost. Nearly lost in the euphoria that the chipmaker set in motion, however, was a warning that not all are going to join in the feast.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsApple Plans to Turn Locked iPhones Into Smar  ( 10 min )

US debt ceiling talks appear to have overcome an impasse and are now close to finding a resolution.  ( 8 min )

(Bloomberg) -- Marvell Technology Inc. surged more than 21% in late trading after the chipmaker said it expects revenue from artificial intelligence to soar this year, capitalizing on a spending boom that also sent Nvidia Corp. on a record-setting rally this week. Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republ  ( 7 min )

U.S. stock futures fell early Friday as investors held tight for updates on the debt ceiling negotiations and awaited the Federal Reserve’s preferred inflation metric. While tech outperformance, following Nvidia’s earnings, largely drove Thursday’s gains on Wall Street, there were also positive sig  ( 28 min )

(Bloomberg) -- Asian investors remain on edge before the weekend amid concern US debt-ceiling negotiations may still break down or could result in draconian spending cuts that crimp global economic growth.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before Bu  ( 7 min )

ZURICH (Reuters) -Credit Suisse was ordered to pay $926 million to Georgia's former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Singapore's International Commercial Court said a unit of Credit Suisse had not acted in good faith and neglected to keep the assets of Bidzina Ivanishvili safe, in the latest blow to the troubled bank, which is being taken over by UBS. Credit Suisse immediately said it would appeal the decision.  ( 8 min )

Across government and the city, policymakers and politicians are singing from the same hymn sheet: the City of London needs to start taking more risks.  ( 9 min )

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Advances in artificial intelligence (AI) have captured the imagination of the market and the general public alike in 2023, so it’s no surprise that AI-focused ETFs are enjoying solid year-to-date gains. With just $13 million in assets under management (AUM), the WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) could be a hidden gem among these funds. Here’s why there’s plenty to like about this tiny, under-the-radar ETF. AI is Just Getting Started WisdomTree writes that AI “is  ( 9 min )

(Bloomberg) -- Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter, as time grows short to avert a catastrophic US default.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17Cathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchFirst Republic’s $35 Million Ban  ( 6 min )

The US markets are showing some conflicting signs, making forecasting difficult. The main headwind, inflation, is down – but the labor market is strong, with unemployment falling and wages rising. The Federal Reserve raised interest rates at the fastest rate since the 1980s, bringing them from near-zero to more than 5% in the last 12 months, risking recession to try and keep a cap on prices. But will the Fed’s efforts come to naught? Interest rate increases tend to affect the markets with a lag  ( 10 min )

Intel rebounds to lead the Dow upward, while American Express gains on ratings upgrade  ( 1 min )

Markets gain on Friday, May 26, 2023 on optimism about debt ceiling talks, more positive AI news  ( 1 min )

The Labor Department will release its latest inflation reading and Ford electric vehicle owners will soon be able to use Tesla charging stations. Here’s what investors need to know today.  ( 1 min )

We reviewed and compared the buy now, pay later (BNPL) apps from Klarna and Afterpay. This review will help you decide which is the best BNPL app for your needs.  ( 24 min )

Coming up next week: May nonfarm payrolls, U.S. home prices, and eurozone inflation figures.  ( 19 min )

Intel rebounds to lead the Dow upward, while American Express gains on ratings upgrade  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

Markets gain on Friday, May 26, 2023 on optimism about debt ceiling talks, more positive AI news  ( 16 min )

Ulta Beauty cut its operating margin outlook, and said its recent boom in growth will slow.  ( 16 min )

Gap reported an unexpected quarterly profit as restructuring efforts and lower costs boosted margins.  ( 16 min )

Marvell Technology (MRVL) is the latest tech firm to say it is benefitting from the boom in artificial intelligence (AI), and shares skyrocketed on Friday after the company released its first-quarter earnings.  ( 16 min )

Currency history is a term that refers to the values of a base currency over time, specifically in relation to the values of other foreign currencies.  ( 19 min )

Looking for the latest TD Bank CD rates? Our guide covers the current rates, term lengths, and minimum deposit requirements, helping you make an informed decision.  ( 20 min )

An embargo is a government order that restricts commerce or exchange with a specified country, usually as a result of political or economic problems.  ( 21 min )

Extra expense insurance covers reasonable and necessary costs that a business may incur as a result of an interruption in its operations.  ( 19 min )

U.S. adults are taking longer than people their age in 1980 to reach milestones such as being financially independent, getting married or having a child, a new Pew Research Center study found.  ( 19 min )

Blind brokering is when brokerage firms ensure anonymity to both the buyer and the seller in a transaction.  ( 19 min )

See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.  ( 18 min )

In a matter of seconds, generative artificial intelligence can produce new content, such as text, images, video, and code, in response to a user-given prompt.  ( 26 min )

Mortgage rates continue to surge, extending a pattern of almost daily increases for more than a week. The 30-year rate average is now nearing a 20-year high-water mark.  ( 19 min )

The Associate in Information Technology (AIT) designation is geared toward educating insurance professionals about the IT environment.  ( 20 min )

Learn how Sony Corporation became a leader in the entertainment world, along with the four biggest companies it owns.  ( 22 min )

Rival automakers Ford and Tesla announced a partnership to share 12,000 EV charging points, following a Biden Administration plan for American-made EV solutions.  ( 17 min )

Hawkish describes an inflation hawk, or a policy maker or advisor who prioritizes controlling inflation and may favor higher interest rates to keep it in check.  ( 25 min )

The Federal Reserve’s preferred measure of consumer prices surged in April, dealing a setback in the fight against inflation.  ( 17 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.  ( 24 min )

The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.  ( 27 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.  ( 25 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.  ( 29 min )

Discover how Airbnb works and makes money as well as the pros and cons of using its marketplace.  ( 31 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.  ( 17 min )

Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.  ( 26 min )

Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.  ( 17 min )

Whether the debt ceiling crisis pushes borrowing costs down or makes them spike depends on how the standoff unfolds, and how markets react.  ( 17 min )

A buydown is a mortgage financing technique where the buyer tries to get a lower interest rate for at least the mortgage’s first few years but possibly for its lifetime.  ( 24 min )

The Labor Department will release its latest inflation reading and Ford electric vehicle owners will soon be able to use Tesla charging stations. Here’s what investors need to know today.  ( 19 min )

Find out how duration and convexity measures can help fixed-income bond investors manage risks such as interest rate sensitivity within their portfolios.  ( 22 min )

De Verenigde Staten zitten waarschijnlijk pas op 5 juni zonder geld als er geen politiek akkoord komt over een verhoging van het schuldenplafond van de Amerikaanse overheid. Met die inschatting is minister van Financiën Janet Yellen vrijdag gekomen. 5 juni is later dan eerder werd voorspeld.  ( 4 min )

De Verenigde Staten zitten waarschijnlijk pas op 5 juni zonder geld als er geen politiek akkoord komt over een verhoging van het schuldenplafond van de Amerikaanse overheid. Met die inschatting is minister van Financiën Janet Yellen vrijdag gekomen. 5 juni is later dan eerder werd voorspeld.  ( 3 min )

De Autoriteit Persoonsgegevens (AP) heeft van de Duitse privacytoezichthouder een tip gekregen over een mogelijk datalek bij autofabrikant Tesla. Volgens de Duitse zakenkrant Handelsblatt ligt ongeveer 100 gigabyte aan persoonsgegevens op straat.  ( 3 min )

De discussie over de zogenoemde graaiflatie heeft inmiddels ook het Verenigd Koninkrijk bereikt. Critici beschuldigen grote supermarkten ervan de prijzen extra te verhogen voor eigen gewin. Maar de grootgrutters ontkennen dat.  ( 3 min )

Niet Air France KLM, maar de Duitse luchtvaartmaatschappij gaat er met de Italiaanse airline ITA vandoor. Lufthansa kocht donderdag al een deel van de luchtvaartmaatschappij op en komt volgens topman Carsten Spohr later terug voor de rest.  ( 3 min )

La Place, dat ooit begon in de winkels van het ter ziele gegane V&D, vindt bij HEMA opnieuw onderdak in een warenhuis. Zowel HEMA als La Place is nu in handen van de familie Van Eerd, de eigenaren van supermarktketen Jumbo. Eerder al kwamen producten van HEMA in de schappen van Jumbo te liggen, La Place is een nieuwe stap in die kruisbestuiving.  ( 6 min )

Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."  ( 3 min )

Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."  ( 3 min )

Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."  ( 4 min )

Cuba is steeds afhankelijker van de voedselproductie op het eiland, zei de Cubaanse minister Alejandro Gil van Economische Zaken tegen het nieuwe parlement. Door de belabberde economische situatie wordt het steeds lastiger om voedsel, brandstof en medicijnen te importeren. Maar ook de eigen landbouwproductie hapert.  ( 4 min )

Neuralink heeft van de Amerikaanse medische toezichthouder FDA toestemming gekregen om een gedachtenlezer op mensen te testen. Het bedrijf van Elon Musk heeft een hersenimplantaat ontwikkeld waarmee het brein rechtstreeks kan communiceren met een computer.  ( 3 min )

Na bijna vijftig jaar trouwe dienst is de acceptgiro bezig aan zijn laatste dagen. In 2021 werd aangekondigd dat de stekker er op 1 juni van dit jaar definitief uitgaat. Voor wie toch nog wil betalen via papier, bestaan alternatieven.  ( 6 min )

Sinds de strengere regels voor 0906-nummers zijn er al 163 telefoonnummers onbruikbaar gemaakt. De komende weken trekt de toezichthouder er nog zo'n 250 in. Het gaat onder meer om telefoonnummers waarvan het voor de beller niet onmiddellijk duidelijk is dat het om een betaald nummer gaat.  ( 3 min )

Drie jaar na de introductie van 5G in Nederland kunnen we nog steeds niet optimaal gebruikmaken van het snellere mobiele internet. Wat we nu hebben is een 4G-verbinding in een 5G-jasje. Het duurt nog minimaal een jaar voordat we het échte 5G kunnen gebruiken.  ( 4 min )

Na bijna vijftig jaar trouwe dienst is de acceptgiro bezig aan zijn laatste dagen. In 2021 werd aangekondigd dat de stekker er op 1 juni van dit jaar definitief uitgaat. Voor wie toch nog wil betalen via papier, bestaan alternatieven.  ( 5 min )

Rival automakers Ford and Tesla announced a partnership to share 12,000 EV charging points, following a Biden Administration plan for American-made EV solutions.  ( 1 min )

Marvell Technology (MRVL) is the latest tech firm to say it is benefitting from the boom in artificial intelligence (AI), and shares skyrocketed on Friday after the company released its first-quarter earnings.  ( 1 min )

Gap reported an unexpected quarterly profit as restructuring efforts and lower costs boosted margins.  ( 1 min )

Ulta Beauty cut its operating margin outlook, and said its recent boom in growth will slow.  ( 1 min )

Mortgage rates quoted in headlines can differ, which can cause confusion. Freddie Mac is the most recognized source for mortgage rates but Investopedia's mortgage rate data is published daily and represents a more timely and realistic snapshot of national and state-level rates.  ( 19 min )

Accounting is the process of recording, summarizing, and reporting financial transactions to oversight agencies, regulators, and the IRS.  ( 33 min )

Cum laude is a Latin term that translates to “with honor.” Magna cum laude means “with great honor,” and summa cum laude means “with the greatest honor."  ( 25 min )

A decentralized autonomous organization (DAO) is a system developed to distribute decision-making, management, and entity ownership.  ( 25 min )

A performance appraisal is a regular review of an employee’s job performance and overall contribution to a company.  ( 22 min )

The Industrial Revolution was a period of radical modernization and mechanization that began in Great Britain and spread to the United States.  ( 23 min )

Investopedia’s second-ever special edition print magazine, What To Do With $10,000, is on sale now. The new issue explores where to invest your cash and build wealth based on your individual financial goals.  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

Average IRA, 401(k) and 403(b) balances rose in the first quarter of 2023, according to a Fidelity study of 44.5 million accounts, with Gen Z making the biggest gains.  ( 16 min )

The value-oriented Dow Jones Industrial Average fell by 0.1%, or about 35 points, as investors brushed off debt-ceiling gridlock and piled into tech stocks.  ( 16 min )

Risk takes on many forms but is broadly categorized as the chance an outcome or investment's actual return will differ from the expected outcome or return.  ( 31 min )

Find out more about loan delinquency, loan default, and the differences between a loan borrower defaulting and being delinquent on a loan.  ( 24 min )

U.S. equities were mixed on Thursday, May 25, 2023 as Nvidia's results and outlook helped send the Nasdaq and S&P 500 higher, while the Dow fell on growing concerns about a possible government default.  ( 16 min )

Dead money is a slang term for an investment that has failed to show any significant growth in value or substantial return for a protracted period.  ( 24 min )

Dollar Tree shares declined as the discount retailer missed profit estimates and cut its profit forecast because of theft and inflation.  ( 16 min )

Just 43% of non-retired Americans surveyed by Gallup said they expect they can afford a comfortable retirement.  ( 17 min )

Before taking out a personal loan, you should pre-qualify with several lenders to find the best possible rates. We’ll show you how to pre-qualify for loans and compare your options.  ( 23 min )

Learn the steps you need to take to compare lenders, qualify, and get the best rates and terms with an auto equity loan.  ( 25 min )

Pending home sales were unchanged in April from the previous month as high prices, rising mortgage rates and limited inventory keep the homebuying market in a slump.  ( 17 min )

A home is a person's permanent primary residence to which they return, or intend to return.  ( 21 min )

A wise investor is one who recognizes gold’s place in the market, without attaching too much or too little significance to it.  ( 25 min )

The U.S. debt seems to grow every year. But how does national debt actually affect you?  ( 27 min )

A co-applicant is a second named person on a loan or other type of application.  ( 20 min )

Market failure is a situation in which there is an inefficient allocation of goods and services in the free market.  ( 27 min )

Brand personality is a set of human characteristics attributed to a brand name that the consumer can relate to.  ( 27 min )

An all-cash, all-stock offer is a proposal by one company to purchase all of another company's outstanding shares from its shareholders for cash.  ( 21 min )

On Thursday morning, it was made public that a consortium of buyers, including Arrington Capital, won the bidding war over insolvent crypto lender Celsius' assets.  ( 17 min )

A listing broker or listing agent helps you list and sell your home. Learn what a listing broker does and when you might need one.  ( 22 min )

The average mortgage rate on 30-year loans fell after eight straight days of growth, dropping 9 basis points, while 15-year average was also down, though it didn't fall as far.  ( 19 min )

Chipmaker Nvidia stunned analysts with its first quarter results which will have a knock-on effect on other stocks such as ASML, TSM and SMCI, but not AMD and Intel.  ( 18 min )

For politicians looking to save taxpayers money, adding work requirements to Medicaid and other social programs would do next to nothing, according to analysis from the Congressional Budget Office.  ( 16 min )

Discover the key elements of making a winning stock pick and a good long-term investment using fundamental and economic data analysis.  ( 21 min )

You don’t have to take required minimum distributions from your Roth IRA during your lifetime, but your heirs eventually may have to.  ( 27 min )

A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money (debt) to meet the cost of acquisition.  ( 23 min )

Nvidia shares surged more than 20% Thursday to all-time highs, pushing the chipmaker’s market capitalization to a new record just shy of $1 trillion.  ( 15 min )

A bear market poses difficult choices for investors, who must consider their risk tolerance, time horizon, and objectives.  ( 24 min )

A mortgage pipeline is the backlog of mortgage applications that are not yet closed but that have interest rates that are locked.  ( 18 min )

Economic order quantity (EOQ) is the order quantity a company should make for its inventory given production cost, demand rate, and other variables.  ( 25 min )

If your local government seizes your property and sells it at an auction over unpaid taxes, they’re no longer allowed to keep the profits, the Supreme Court ruled Thursday.  ( 16 min )

Accenture Federal Services has won a spot on a seven-year purchase agreement worth up to $2.6 billion in contracts to modernize IRS systems.  ( 16 min )

The volume price trend (VPT) indicator helps determine a security’s price direction and strength of price change.  ( 18 min )

Ally Bank CD rates are competitive, and there is no minimum deposit required to open. Several term options, as well as a special no-penalty CD, are available.  ( 20 min )

Sears offers several types of store cards, each with its own rewards and benefits programs.  ( 27 min )

A unilateral transfer is a one-way transfer of money, goods, or services from one party to another such as government payments made to citizens.  ( 19 min )

A structured note is a debt security issued by financial institutions. Discover why structured notes might not be the best option for an investor.  ( 24 min )

Here's what you need to know to choose between a health savings account (HSA) and a flexible savings account (FSA) to help with medical expenses.  ( 24 min )

Find out how your profits are taxed and what to consider when making investment decisions.  ( 21 min )

Fitch doesn’t believe the U.S. will ultimately default, but debt negotiation delays show an ongoing risk to the nation’s creditworthiness.  ( 17 min )

Can the government foreclose on your house for unpaid taxes, sell it off, and keep all the profits? That’s now up to the Supreme Court.  ( 18 min )

Sally Beauty is the best value cosmetics stock, while e.l.f. Beauty leads the pack for fastest growth and most momentum.  ( 20 min )

Nvidia shares surged after the AI chipmaker posted a blowout revenue forecast and Fitch put the U.S. credit rating on watch as debt ceiling negotiations drag on. Here’s what investors need to know today.  ( 18 min )

Clean energy will account for 60% of all global energy investment in 2023, the IEA predicts, with spending on solar energy surpassing oil for the first time.  ( 17 min )

The national debt is the total that a country owes creditors, which in the case of the United States includes debt held by the public and intragovernmental debt.  ( 30 min )

In finance, a ceiling is the maximum permitted level in a financial transaction. The term can be applied to a variety of factors.  ( 20 min )

A fixed-dollar value collar is a strategy where a company that may be acquired can protect itself from the stock price fluctuations of the acquiring firm.  ( 24 min )

U.S. equities were mixed on Thursday, May 25, 2023 as Nvidia's results and outlook helped send the Nasdaq and S&P 500 higher, while the Dow fell on growing concerns about a possible government default.  ( 1 min )

The value-oriented Dow Jones Industrial Average fell by 0.1%, or about 35 points, as investors brushed off debt-ceiling gridlock and piled into tech stocks.  ( 1 min )

Nvidia shares surged after the AI chipmaker posted a blowout revenue forecast and Fitch put the U.S. credit rating on watch as debt ceiling negotiations drag on. Here’s what investors need to know today.  ( 1 min )

Dollar Tree shares declined as the discount retailer missed profit estimates and cut its profit forecast because of theft and inflation.  ( 1 min )

Nvidia shares surged more than 20% Thursday to all-time highs, pushing the chipmaker’s market capitalization to a new record just shy of $1 trillion.  ( 1 min )

Accenture Federal Services has won a spot on a seven-year purchase agreement worth up to $2.6 billion in contracts to modernize IRS systems.  ( 1 min )

Nvidia shares jumped in extended trading on Wednesday after the company beat earnings expectations and said there was a surge in demand for its AI products.  ( 1 min )

Amazon is the world's largest cloud-computing company. But investors ignored the stock on a day when many other plays were up sharply.  ( 23 min )

David Trainer, founder of investment research firm New Constructs, ran a model showing Nvidia stock is unlikely to reward future investors at this level.  ( 9 min )

The chip maker's CEO says that "AI has emerged as a key growth driver for Marvell."  ( 22 min )

The cash infusion in Shari Redstone’s National Amusements comes weeks after Paramount cut its dividend, a key source of income for Redstone and her family.  ( 27 min )

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The business empire of corporate raider and activist investor Carl Icahn continues to tumble amid the fallout following a recent report from short-selling firm Hindenburg Research — and losses are accelerating as a longtime rival echoes the firm's allegations. In the report, published on May 2, Hindenburg claimed that Icahn Enterprises has been using inflated asset valuations. Based in Sunny Isles Beach, Florida, Icahn Enterprises has stakes in businesses ranging from food packaging and automotive to real estate and pharmaceuticals.  ( 8 min )

Despite fears of a recession, incoming data continues to point to an economy that's growing.  ( 7 min )

Though the AI boom has massively benefited Nvidia, AI – and generative AI specifically – also marks a major opportunity for other chip companies like Qualcomm, the company's SVP of Product Management Ziad Asghar told Yahoo Finance Live.  ( 8 min )

On the company's earnings call, CEO Jensen Huang may have pointed to two good AI plays.  ( 30 min )

The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn't act to lift the debt ceiling before it is reached, which could happen as soon as June 1. For holders of Treasury bills, notes and bonds, that raises uncertainty over whether the issues they hold will be affected, and what happens if the debt is not repaid or an interest payment is skipped. No. Treasuries do not have any cross default provisions so a skipped payment on one issue will not necessarily impact others.  ( 7 min )

Nikola shares touched a 52 week low. The stock has closed under $1 for more than 30 consecutive business days and is at risk of being delisted.  ( 8 min )

Nikola shares touched a 52 week low. The stock is at risk of being delisted.  ( 7 min )

Alibaba Group Holding Limited (NYSE: BABA) shared plans to hire 15,000 people in 2023, sharply contradicting reports of its layoff plans. The Chinese e-commerce platform voiced a requirement of 15,000 recruits for its six major business divisions. The company said it would recruit 3,000 university graduates. Also Read: Navigating Alibaba's Bumpy Road: Analyst Holds Positive, Adjusts Price Target Downward Alibaba snubbed reports of layoffs as "rumors" and said employee departures are part of the  ( 7 min )

(Bloomberg) -- Cathie Wood’s flagship exchange-traded fund closed out its Nvidia Corp. stake in early January. Then, came the artificial intelligence frenzy that sent the stock and its big tech peers on a tear.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofFirs  ( 8 min )

Treasury's Bureau of Fiscal Management said it would auction $119 billion of 3-month and 6-month bills on Tuesday, with the sales formally settling two days later on June 1. According to research firm Wrightson ICAP, the bureau would not typically announce an upcoming sale "until it is certain that it has room under the debt ceiling for the new securities."  ( 7 min )

Meet Dr. Herbert Wertheim, the billionaire optometrist who Forbes hailed as “the greatest investor you’ve never heard of.” He quietly built a stock portfolio estimated at $4.6 billion. Affectionately known as Dr. Herbie, Wertheim has built his portfolio through traditional, time-tested investment strategies. By primarily investing through ordinary Fidelity Investments and Charles Schwab accounts, he has been able to steadily grow his wealth. Don't Miss: Why Jason Calacanis and Other Silicon Vall  ( 8 min )

President Joe Biden and House Speaker Kevin McCarthy are coming close to a deal on the debt ceiling, according to a report from Reuters that cited a person familiar with the matter. The Dow Jones  ( 25 min )

Even financial gurus like Warren Buffett, CEO of Berkshire Hathaway Inc., are not immune to making mistakes or bad investments. Buffett has acknowledged a costly “mistake” that impacted the conglomerate’s financials. Despite earning $42.5 billion in 2020, Buffett revealed in his annual letter to shareholders that the company had incurred a substantial loss of $11 billion because of an ill-fated acquisition. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Start  ( 8 min )

Shares of Nvidia ripped higher Thursday, as the company rides the AI wave.  ( 8 min )

The affected clients are being offered the option to transform their revolving credit lines into fixed-term loans at the same rate for a period of up to five years, the report said, adding First Republic is also asking customers if they would prefer to pay off their credit lines. First Republic's business model was to lure high net-worth customers with preferential rates on mortgages and loans.  ( 7 min )

Thursday’s gain brings it closer to 13,000, the index’s recent peak in August and a level it hasn’t retuned to since.  ( 23 min )

Shares of Nikola, a provider of electric vehicles and fuel-cell technology, are down more than 17% Thursday. There are a couple of reasons why, including the stock's own depressed price.  ( 22 min )

Pratt & Whitney has no engines currently available for India's Go First airline, which also has no rights over them, the counsel for the U.S. firm told a Delaware court on Thursday as the two companies engaged in a raging dispute over the supplies. The Indian airline has approached the Delaware court to enforce an arbitration order it won in Singapore against Pratt & Whitney, which it blames for its financial troubles and argues the U.S. firm failed to supply engines on time. Pratt says those claims are without merit.  ( 6 min )

Icahn Enterprises LP's stock tumbled as much as 24.7% to $18.03, deepening losses of more than 60% that were recorded following short-seller Hindenburg Research's scathing attack on the company three weeks ago. In a memorable clash a decade ago, the billionaire had shorted supplement company Herbalife, in which activist investor Icahn was a shareholder.  ( 7 min )

The EV upstart is on the right path, says one analyst.  ( 22 min )

Stratasys, Ltd (NASDAQ: SSYS) stock is trading higher Thursday following Nano Dimension Ltd's (NASDAQ: NNDM) unsolicited special tender offer to acquire between 53% and 55% ownership of Stratasys. Nano Dimension proposed to acquire between 53% - 55% ownership of Stratasys for $18.00 per share in cash. Nano Dimension's all-cash special tender offer represents a premium of 26% to Stratasys' closing price of $14.26 as of March 3, 2023. Nano Dimension has been trying to woo Stratasys since at least  ( 7 min )

Once upon a time, retirement in America was referred to as "a three-legged stool." The first leg was your expected Social Security benefits, the second leg was your own personal savings and the third was something old-timers called a pension. … Continue reading → The post Thousands of Old Pensions Are Going Unclaimed. How to Find Out If One of Them Is Yours appeared first on SmartAsset Blog.  ( 8 min )

(Bloomberg) -- Traders betting against Nvidia Corp. suffered massive losses as the chipmaker’s stock surged to a record high after it forecasts sales that far surpassed the average analyst estimate. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before BustUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseJPMorgan Tells 1,  ( 7 min )

Intel stock was falling sharply Thursday as investors sold shares of the tech company amid competitive concerns as Nvidia reported strong earnings. Intel (ticker: INTC) was the worst performer in the Dow Jones Industrial Avera  ( 25 min )

Chipmaker Nvidia stunned analysts with its first quarter results which will have a knock-on effect on other stocks such as ASML, TSM and SMCI, but not AMD and Intel.  ( 18 min )

The chip maker's incredible quarter—and share price gain—holds both promise and peril for another stock market darling.  ( 26 min )

A long-running feud between activist hedge fund managers Carl Icahn and Bill Ackman is revived as the latter tweets about the embattled shares of the former's investment vehicle.  ( 26 min )

Shares of Nvidia, already one of the world's most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector. Late Wednesday the maker of graphics chips for gaming and artificial intelligence reported a quarterly profit of more than $2 billion and revenue of $7 billion, both exceeding Wall Street expectations. "It looks like the new gold rush is upon us, and NVIDIA is selling all the picks and shovels,” Susquehanna Financial Group’s Christopher Rolland and Matt Myers wrote Thursday.  ( 8 min )

(Bloomberg) -- Oil fell as the dollar strengthened and Russia played down the likelihood of OPEC+ cutting production further.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges AnewWest Texas Intermedi  ( 7 min )

He also claimed that work-life balance is a myth.  ( 8 min )

The chip maker's blowout guidance sent shares of other AI-exposed companies, such as Microsoft and Alphabet, higher.  ( 23 min )

According to undisclosed sources, activist investor Carl Icahn is poised to secure enough shareholder support to place Andrew Teno, an Icahn nominee, to join the board of Illumina Inc (NASDAQ: ILMN). However, it should be noted that the tally has not yet been finalized, and shareholders still have the opportunity to modify their votes before the commencement of the company's annual shareholder meeting on Thursday, Reuters reported. Also Read: Carl Icahn Admits Making A Mistake On Bearish Bet, Sa  ( 7 min )

The Russians aren’t helping the price of oil — to the delight possibly of the West and the utter frustration likely of other producers within the OPEC+ alliance, not to mention market bulls. Crude prices tumbled some 3% Thursday after Russian Deputy Prime Minister Alexander Novak, who is also the nation’s de facto oil minister, said he expected no new steps from OPEC+ at its meeting on June 4. Given that Saudi Energy Minister Abdulaziz bin Salman had hinted just 24 hours earlier of the possibility of another round of production cuts at the meeting, Novak’s remarks meant only one thing — that the alliance will keep output unchanged.  ( 8 min )

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(Bloomberg) -- Speaker Kevin McCarthy said issues remain in negotiations with the Biden administration on raising the federal debt limit as the clock ticks down to the point when the Treasury runs out of cash.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill  ( 6 min )

The phrase ‘a recession is coming’ has attained a mantra-like quality in recent times, reflecting the prevailing belief that a downturn in the economy is imminent. However, taking a stance in opposition to the doom sayers, billionaire Steve Cohen is keeping an optimistic outlook. “I’m making a prognostication — we’re going up,” Cohen said recently. “I’m actually pretty bullish.” That might be a bold statement to make right now, but it’s not as if Cohen has had no success in taking the fearless r  ( 10 min )

Personal loans secured against the value of Icahn's ownership in his own investment firm could prove highly unstable, the Pershing Square founder warns.  ( 9 min )

Operating a business on the side can give you valuable tax deductions as well as extra income. However, the Internal Revenue Service (IRS) decides if the business is actually a hobby or not. If the IRS says it is, you … Continue reading → The post IRS Hobby vs. Business: What It Means for Taxes appeared first on SmartAsset Blog.  ( 9 min )

Costco (COST) is set to report earnings Thursday after market close as consumers search for value offerings amid higher grocery prices and continue to move away from spending on big ticket items.  ( 8 min )

(Bloomberg) -- First Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually doomed the firm.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘So  ( 9 min )

Thursday, Barclays analyst Jiong Shao downgraded XPeng to Sell from Hold. His price target went to $6 a share from $8.  ( 22 min )

(Bloomberg) -- Stock market strategists and portfolio managers who expected equities to go nowhere in 2023 are changing their tune as their fears transform into the fear of missing out on a potential rally. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofDeaths  ( 8 min )

The discount retailer posts first-quarter adjusted earnings of $1.47 a share, below analysts' expectations of $1.53.  ( 26 min )

Nvidia cements its market darling status after blowout quarter and outlook.  ( 9 min )

(Bloomberg) -- The AI hype cycle has birthed innumerable boosters. An unlikely member of this group is Silicon Valley billionaire Tom Siebel.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges AnewSinc  ( 14 min )

(Bloomberg) -- The AI hype cycle has birthed innumerable boosters. An unlikely member of this group is Silicon Valley billionaire Tom Siebel.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofDeaths Soar on Everest After Record Number of Climbers Attempt SummitSinc  ( 14 min )

Stocks were mixed on Thursday morning as Nvidia led a tech rally despite debt ceiling concerns hanging over broader markets.  ( 8 min )

The transaction comes after Stratasys rejected multiple takeover offers from Nano Dimension Ltd, its largest shareholder with a 14.2% stake. Nano on Thursday launched a hostile $18.00 per share all-cash offer to boost its stake in Stratasys to between 53% and 55%. Desktop Metal stockholders will receive 0.123 ordinary shares of Stratasys for each share of Desktop Metal Class A common stock.  ( 7 min )

Daiwa analyst Jairam Nathan upgrades shares of Ford to Hold from Sell. What the auto maker didn't say at its analyst event is the reason.  ( 22 min )

Medtronic Plc on Thursday forecast annual profit below Wall Street estimates, as the medical device maker expects stronger dollar to continue dragging its sales down in international markets. Medtronic has warned of a delayed improvement in earnings this year as its costs continue to remain high despite restructuring efforts. It expects profit to be in the range of $5 per share to $5.10 per share for the fiscal year 2024, lower than analysts' estimates of $5.20 per share, according to Refinitiv IBES data.  ( 6 min )

Medtronic Plc beat Wall Street estimates for quarterly profit on Thursday, helped by a recovery in non-urgent surgical procedures that were delayed during the pandemic as well as strong demand for its heart and diabetes devices. Excluding items, the Dublin-based medical device maker reported a profit of $1.57 per share for the fourth quarter, slightly above analysts' average estimate of $1.56 per share, according to Refinitiv IBES data.  ( 6 min )

The White House and congressional Republicans on Thursday are expected to resume negotiations on a deal to raise the government's $31.4 trillion debt ceiling, with as little as a week remaining until a potential economically catastrophic default. Democratic President Joe Biden and House of Representatives Speaker Kevin McCarthy are at odds over spending, taxes and work requirements for anti-poverty programs. "We'll continue to work through this, try to get a solution," McCarthy, the top Republican in Congress, told reporters after his negotiators returned from a four-hour White House meeting on Wednesday.  ( 7 min )

Nvidia issues a bullish sales forecast for its fiscal second quarter and the stock soars, Snowflake slashes its revenue outlook, and Splunk's adjusted earnings easily top estimates.  ( 23 min )

The Shark Tank star said she got her spending philosophy from her mother—and it's served the real estate titan well.  ( 8 min )

Royal Bank of Canada reported a drop in second-quarter profit on Thursday, as tough economic conditions spurred the lender into building higher provisions to prepare for more borrowers falling behind on their loan repayments. Net income fell 14% to C$3.65 billion ($2.70 billion) or C$2.58 per share for the three months ended April 30, compared with C$4.25 billion, or C$2.96 per share, a year earlier.  ( 6 min )

(Bloomberg) -- Snowflake Inc. gave a sales outlook for the current quarter that fell short of expectations, suggesting that many companies are trimming their spending for cloud software amid uncertain economic conditions. The shares declined more than 12% in extended trading.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Bigges  ( 7 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 20 min )

Nvidia shares jumped after it forecast a revenue tailwind from the artificial-intelligence race, but if you don’t want to shell out for the expensive stock, there are other options.  ( 27 min )

(Bloomberg) -- Chinese stocks in Hong Kong plunged as investors trimmed positions ahead of a long weekend, with disappointing earnings from electric-vehicle maker XPeng Inc. spurring a selloff in automobile shares.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof  ( 8 min )

Chipmaker Nvidia’s upbeat earnings gave its stock a boost unprecedented in the company’s history and in the history of the US stock market.  ( 8 min )

Nvidia shares jumped almost 25% in extended trading after the chipmaker gave a revenue forecast 50% higher than analyst estimates.  ( 9 min )

Netflix's new "paid sharing" policy could boost revenue and improve profits. But it's a big headache for parents with adult children.  ( 22 min )

(Bloomberg) -- China’s muted economic rebound, and Beijing’s reluctance to deploy large-scale stimulus, are reverberating around the globe, crushing commodity prices and weakening equity markets.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out and  ( 8 min )

Activist investor Carl Icahn is seeking to unseat Illumina’s chairman and its CEO, and put three of his own people on the company’s board.  ( 22 min )

(Bloomberg) -- Nvidia Corp. may be poised for a record one-day jump in value for a US company after it raised its outlook on voracious demand for chips used in artificial intelligence applications.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out a  ( 7 min )

In addition to waiters, baristas, and drivers, Americans are wondering why they're being asked to tip at fast food restaurants and self-checkout.  ( 8 min )

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Elon Musk blames overloaded servers for Twitter Spaces crashing while Florida governor Ron DeSantis announces his presidential run on the platform's live audio feature.  ( 7 min )

(Bloomberg) -- Nvidia Corp. results showing that customers are binging on chips used in artificial intelligence computing sent a complex of stocks tied to the burgeoning technology soaring. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends  ( 7 min )

With companies like Google and Microsoft racing to integrate artificial intelligence into their services, there’s already one clear winner: Nvidia, which makes the chips powering the AI boom.  ( 7 min )

In physics, gravitation dictates that what goes up must come down. The stock market, however, is a bit less predictable. Stocks can follow the crowd, buck the market’s trend, or just mosey along. This year, energy stocks are bringing up the bottom of the pack, underperforming the broader markets. However, it’s worth noting that what goes down can still come back up. In this regard, the investment giant Goldman Sachs has been identifying energy stocks that are primed to recoup their losses — and  ( 11 min )

De Europese Centrale Bank (ECB) zal de rentetarieven in de eurozone ook in juni en juli nog moeten verhogen om de hoge inflatie onder controle te krijgen. De inflatie blijkt namelijk hardnekkiger dan verwacht, benadrukt president Klaas Knot van De Nederlandsche Bank (DNB) in een interview met vier grote Europese kranten.  ( 4 min )

Medewerkers van de Nedcar-autofabriek in het Limburgse Born gaan volgende week weer staken. Ze hebben een bod voor een sociaal plan van eigenaar VDL afgewezen.  ( 3 min )

De marktprijs voor gas blijft maar dalen en is donderdag gezakt naar 25 euro per megawattuur. Dat is vier keer zo laag als begin dit jaar en zelfs twaalf keer lager dan in augustus 2022. Uiteindelijk zien we dat ook terug op de energierekening.  ( 4 min )

De gasprijs blijft de laatste maanden maar dalen. Die daling heeft meerdere oorzaken. Nieuw is dat EU-landen, samen met een aantal andere Europese landen, gezamenlijk gas kunnen inkopen. Dat werkt zo.  ( 3 min )

EU-lidstaten zouden hun steunmaatregelen die zijn bedoeld als compensatie voor de hoge energieprijzen moeten afbouwen. Zo kunnen de nationale overheden de hoge inflatie tegengaan, zegt beleidsmaker François Villeroy de Galhau van de Europese Centrale Bank (ECB).  ( 3 min )

De Duitse economie is in een recessie terechtgekomen. De grootste Europese economie kromp twee kwartalen achter elkaar. Dit komt vooral door huishoudens die minder geld uitgeven.  ( 3 min )

De energierekening wordt komend jaar een stukje goedkoper door dalende tarieven voor gastransport. Die tarieven moeten 20 procent omlaag, heeft toezichthouder ACM besloten. En dat zorgt voor een besparing van maximaal 5 procent op de energierekening.  ( 3 min )

Ambilight TV prijkt vanaf komend weekend op de mouwen van de spelers van FC Barcelona. De sponsoruiting is afkomstig van TP Vision, het bedrijf dat tv's voor Philips maakt.  ( 2 min )

Sinds de oorlog in Oekraïne is in de Europese Unie ruim 200 miljard euro aan Russische tegoeden bevroren. Europa wil dat geld losweken voor de wederopbouw van Oekraïne.  ( 3 min )

Hoewel alle kantoren sinds 1 januari minstens energielabel C moeten hebben, zijn er door het hele land nog duizenden gebouwen die niet aan die plicht voldoen. De eerste waarschuwingsbrieven vliegen de deur uit, maar handhaving is lang niet overal even streng.  ( 7 min )

Bedrijven investeren dit jaar wereldwijd voor zo'n 1.000 miljard dollar (ongeveer 930 miljard euro) in projecten voor fossiele energie. Vooral staatsbedrijven in het Midden-Oosten schroeven hun investeringen op. Dat berekende het internationaal energieagentschap IEA.  ( 4 min )

Ruim honderd spelletjes voor Android-smartphones zijn vanaf vandaag ook speelbaar op Windows-computers. Google heeft de software waarmee dit mogelijk is nu ook uitgebracht in Europa. Volgens het techbedrijf gaat het nog om een test.  ( 3 min )

Transavia schrapt in juli en augustus 210 vluchten vanwege een tekort aan vliegtuigen. Het merendeel van de betreffende reizigers is inmiddels omgeboekt, meldt de luchtvaartmaatschappij donderdag.  ( 3 min )

Vakbonden in het onderwijs dreigen met acties en stakingen als het kabinet niet met extra loon over de brug komt. De bonden hebben een ultimatum aan het kabinet gesteld dat 16 juni verloopt. Daarin eisen ze een loonsverhoging van 12 procent.  ( 4 min )

De Duitse economie is in een recessie terechtgekomen. De grootste Europese economie kromp twee kwartalen achter elkaar. Dit komt vooral door huishoudens die minder geld uitgeven.  ( 3 min )

Vakbonden in het onderwijs dreigen met acties en stakingen als het kabinet niet met extra loon over de brug komt. De bonden stellen een ultimatum aan het kabinet dat 16 juni verloopt en daarin eisen ze een loonsverhoging van 12 procent. Komt die verhoging er niet, dan dreigen ze met acties in het volgende schooljaar.  ( 3 min )

In het druk bevaren Suezkanaal is donderdagochtend opnieuw een schip vastgelopen. Het gaat om het vrachtschip Xin Hai Tong 23, dat een tijdje schuin in het kanaal lag. Daardoor kon ander scheepvaartverkeer er niet langs. Inmiddels is het schip door sleepboten losgetrokken.  ( 3 min )

In het druk bevaren Suezkanaal is donderdagochtend opnieuw een schip vastgelopen. Het gaat om het vrachtschip Xin Hai Tong 23, dat een tijdje schuin in het kanaal lag. Daardoor kon ander scheepvaartverkeer er niet langs. Inmiddels is het schip door sleepboten losgetrokken.  ( 3 min )

Vanaf donderdag rijdt voor het eerst sinds 2014 weer een reguliere slaaptrein tussen Amsterdam en Berlijn. De Nederlandse start-up European Sleeper heeft na een lange zoektocht genoeg rijtuigen gevonden om mee naar de Duitse hoofdstad te rijden.  ( 5 min )

(Bloomberg) -- House Speaker Kevin McCarthy’s optimism that White House and GOP negotiators would reach a deal in time to avert a potentially catastrophic default didn’t mollify analysts as the US was put on a ratings watch late Wednesday. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers  ( 8 min )

(Bloomberg) -- Chinese leader Xi Jinping has used policy, capital and outright decree to mold the world's No. 2 economy in his own image. After over a decade in power, an intensifying struggle for tech leadership with the US and a sputtering domestic economy suggest he'll have to once again recalibrate the country's giant internet and manufacturing sectors.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksMcCarthy Says GOP and White House ‘Have Time’ to Reach Debt  ( 11 min )

Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost $300 billion in market capitalization after chipmaker Nvidia Corp forecast strong revenue growth and said it was boosting production of its AI chips to meet surging demand. Nvidia's stock zoomed as much as 28% after the bell to trade at $391.50, its highest level ever. "With all the enthusiasm around AI and the fact Nvidia delivered a huge beat for first-quarter results and second-quarter estimates, this gives some actual evidence AI is for real," said Daniel Morgan, senior portfolio manager at Synovus Trust in Atlanta.  ( 7 min )

“BudLighting” is a strategy of branding companies as “woke” and calling for boycotts over everything from gender-inclusive swimwear to Bud Light beer.  ( 9 min )

The billionaire investor said in a tweet on Wednesday that he was "fascinated" by the situation between the short seller and Icahn Enterprises, while noting that the company's premium had been sustained by a large dividend yield. "The yield is generated by returning capital to outside shareholders, which is in turn funded by the company selling stock to investors," Ackman said, adding the system is highly dependent on the "maintenance of the premium and the placidity of Icahn's margin lender(s)". Bill Ackman declined to comment beyond his tweet.  ( 7 min )

The provider of business automation software cautions that results could be affected by a recent reorganization of its sales team.  ( 22 min )

Nvidia shares jumped in extended trading on Wednesday after the company beat earnings expectations and said there was a surge in demand for its AI products.  ( 16 min )

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The graphics-chip giant forecast a strong revenue bounce back for the current quarter, driven by growing appetite for generative AI technology.  ( 28 min )

More details will be shared by Verizon on May 25, the report said, citing a prerecorded message that employees received. A demand downturn on account of elevated inflation and rising interest rates has forced several U.S. companies ranging from Meta Platforms Inc to Alphabet Inc to lay off thousands of their employees. Verizon in April had missed its first-quarter revenue and free cash flow estimates, hit by wireless subscriber losses as inflation-hit Americans delayed device upgrades and a pandemic-led growth boom fizzled out.  ( 7 min )

Rethink that retirement party. More and more, seasoned workers are defying expectations and staying put in the workforce for a compelling reason-they simply can't afford to retire. That's the finding from a new study by Korn Ferry that found that … Continue reading → The post Retirement Crisis: Older Americans Struggle to Afford Life After Work appeared first on SmartAsset Blog.  ( 8 min )

(Bloomberg) -- Bill Ackman said Hindenburg Research has “outed” the way billionaire Carl Icahn runs his publicly traded company and suggested shares have room to fall after tumbling to the lowest levels since 2009.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers EverywhereWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutRussian Wagner Chief Blasts Outcome of Putin’s Ukraine War GoalsWorld’s Biggest Nuc  ( 7 min )

(Bloomberg) -- Stratasys Ltd. is in talks to acquire Desktop Metal Inc. in an all-stock deal that would create a leading 3D printer company in a fragmented industry, according to people familiar with the matter. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofUS Equities Pare Losses as Debt-Talks Resume: Markets WrapRussian Wagner  ( 7 min )

While results for the quarter ending in April were solid, the company provided a disappointing outlook for the July quarter, and reduced its full-year view.  ( 22 min )

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Nvidia Corp on Wednesday forecast second-quarter revenue above Wall Street estimates, as the growing popularity of artificial intelligence drives demand for its chips used in powering the technology at big data centers. The company forecast current-quarter revenue of $11 billion, plus or minus 2%. Analysts polled by Refinitiv expect revenue to be $7.15 billion.  ( 6 min )

The U.S. solicitor general on Tuesday urged the U.S. Supreme Court to reject an appeal by Apple Inc and Broadcom Inc stemming from their $1.1 billion trial loss to the California Institute of Technology in a patent infringement case. Solicitor General Elizabeth Prelogar said the U.S. Court of Appeals for the Federal Circuit was correct when it ruled last year that the companies could not seek to invalidate Caltech's patents in court after Apple failed to raise its invalidity arguments at the U.S. Patent Office.  ( 7 min )

The retailer says employees have received threats since its Pride Month collection was introduced.  ( 22 min )

Stocks remained lower Wednesday after minutes from the Federal Reserve's latest meeting showed that several participants were open to pausing interest-rate hikes. The Dow Jones Industrial Average was down 230 points, or 0.7%. The S&P 500 fell 0.7%, and the Nasdaq Composite dropped 0.8%. Minutes fr  ( 24 min )

Here's how you can set yourself up financially to make the most out of your post-career years.  ( 8 min )

(Bloomberg) -- Companies that pay rich dividends have been stock-market laggards this year as investors piled into growth-oriented tech giants — but that’s about to change, according to Goldman Sachs.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Ou  ( 7 min )

The brutal truth about the housing market's new Ice Age: If you don't already own a home, you're going to be screwed for years to come.  ( 11 min )

(Bloomberg) -- The deadlock in debt-ceiling negotiations is adding to default concern around a number soon-to-mature Treasury bills and also starting to dent investors' appetite for risk more broadly.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofStocks Slide as Sentiment on Global Outlook Sours: Markets WrapLula Lashes Out and S  ( 8 min )

The stock is on pace for its worst month in nearly two years.  ( 22 min )

Nvidia will report its Q1 earnings after the bell Wednesday.  ( 8 min )

An asset class recession would hit at a uniquely vulnerable time, as the share of Americans invested in stocks hasn’t been so high since the Great Financial Crisis.  ( 9 min )

The Treasury secretary says her agency isn’t getting ready for a potential debt default.  ( 27 min )

Billionaires usually shop for grand mansions, but Elon Musk is not the usual billionaire. In 2022, the Tesla Inc. CEO made headlines by revealing that he owns a tiny home made by Boxabl, a company that specializes in making prefabricated modular housing units. Musk said he uses the tiny home as a guest house. But the unit, called the Casita, comes with plenty of features, including a full-size bathroom, kitchen, appliances, tall ceilings and big windows. Coming in at 361 square feet, the Casita  ( 8 min )

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On Aug. 16, President Joe Biden signed the Inflation Reduction Act into law, directing billions of dollars to Americans looking to upgrade their homes, businesses and cars. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families One provision of the law allows Americans making less than $150,000 a year to claim a $7,500 tax credit for buying an electric car. The law also provides $9 billion in rebates to help people ele  ( 7 min )

Chinese pure-play electric vehicle maker XPeng reported a steep drop in sales in the first quarter, likely due to increased competition in the tight Chinese EV market, and an uneven recovery in the China following its lifting of COVID-19 protocols.  ( 8 min )

Analysts downgraded the laboratory instruments maker's stock after it trimmed its profit outlook for the year on a loss of demand.  ( 22 min )

The stock has done well, but it hasn't gotten the narrative boost that some other big tech stocks have.  ( 22 min )

Negotiators have failed to reach a deal so far despite a “hard deadline” looming.  ( 7 min )

The California regional lender sold assets of a real estate lending business, its second transaction announced this week.  ( 7 min )

(Bloomberg) -- Meta Platforms Inc. employees received news Wednesday of the final round of previously announced job cuts, which affected thousands of workers in the company’s business departments. Now, remaining staff are hoping an uncomfortable limbo at the company can end.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofStocks Sl  ( 8 min )

With EPS beats surpassing misses by a rather normal 4:1 ratio, 1Q23 earnings have been characterized as ‘better-than-feared.’ That said, since the Q1 earnings season began, the S&P 500’s returns have not been particularly impressive. This suggests to Wells Fargo equity analyst Christopher Harvey that rather than being boosted by earnings/fundamentals, the gains accrued so far this year have been driven mostly by “funding and liquidity.” And if that is the case, the omens are not great. “If credi  ( 10 min )

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US stock futures slipped on Wednesday morning as investors fretted over a potential US debt default and braced for the release of minutes later from the Federal Reserve's policy meeting in May.  ( 8 min )

Dividend-paying stocks are taking it on the chin as investors bet big on an artificial-intelligence boom spurred by ChatGPT. What to buy now.  ( 22 min )

Negotiations to raise the U.S. debt ceiling are expected to resume Wednesday morning, according to a report from Reuters,and%20avoid%20a%2  ( 25 min )

The maker of semiconductors posted adjusted earnings of $2.83 a share for the April quarter, up 18% from the same period a year earlier. Quarterly revenue was $3.26 billion, up 10%.  ( 25 min )

Chinese EV maker XPeng reported first quarter results Wednesday. Sales missed Wall Street estimates.  ( 22 min )

Conventional logic says you should delay withdrawals from your tax-deferred retirement accounts as long as possible to maximize the tax-free compounding that can increase the size of your overall nest egg. But the IRS won't wait forever to get its … Continue reading → The post You Can Now Delay RMDs But Think Twice Before You Do appeared first on SmartAsset Blog.  ( 8 min )

The laboratory instruments maker posted earnings of $1.27 per share, better than the $1.26 expected by analysts.  ( 22 min )

Bitcoin's April peak above $30,000 looks increasingly out of reach as U.S. debt-ceiling talks remain a key catalyst for cryptos.  ( 22 min )

Kohl's posted a surprise profit for the fiscal first quarter, helped by the department store chain's moves to cut inventory in the wake of weak sales. The company, based in Menomonee Falls, Wisconsin, also affirmed its annual financial guidance, pushing up shares 11% higher in premarket trading on Wednesday. Kohl’s said that it it cut inventory by 6% while it continued to see sales momentum with its Sephora beauty shops and noted that its stores were more productive.  ( 8 min )

The greenback continues to look for momentum, as the market is sitting just above the recent ascending triangle.  ( 7 min )

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XPeng Inc (NYSE: XPEV) reported a first-quarter FY23 sales decline of 45.9% year-on-year, to RMB4.03 billion ($587.31 million), missing the consensus of $741.07 million. The Tesla Inc (NASDAQ: TSLA) rival's quarterly vehicle deliveries decreased 17.9% Y/Y to 18,230. Revenues from vehicle sales decreased 49.8% Y/Y, mainly attributable to lower vehicle deliveries and the discontinuation of new energy vehicle subsidies. Gross margin contracted by 1,050 basis points to 1.7%. Vehicle margin contracte  ( 7 min )

The retailer posts earnings of 13 cents a share in its first fiscal quarter. Analysts were expecting a loss of 43 cents.  ( 22 min )

Generation Investment exited its stake in Chinese online giant Alibaba in the first quarter. It bought Microsoft, Texas Instruments, and Coupang stock.  ( 26 min )

The euro has gone back and forth during the trading session on Wednesday, as we continue to determine whether or not we can go lower, or if we are going to turn things around.  ( 7 min )

The company forecast third-quarter revenue of $3.10 billion, plus or minus $100 million, the midpoint of which was lower than analysts' estimates of $3.16 billion, according to Refinitiv data. Analog Devices also said it expects current-quarter adjusted profit of $2.52 per share, plus or minus 10 cents, below estimates of $2.65 per share. The dour forecast mirrors the weakness seen at peer Texas Instruments Inc last month, with the chip industry struggling to shake off a slump that has led to a pile-up of inventory.  ( 7 min )

Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.  ( 8 min )

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US stock futures slipped on Wednesday morning as investors fretted over a potential US debt default and braced for the release of minutes later from the Federal Reserve's policy meeting in May.  ( 8 min )

The retailer posts earnings of 13 cents a share in its first fiscal quarter. Analysts were expecting a loss of 43 cents.  ( 22 min )

Chinese EV maker XPeng reported first quarter results Wednesday. Sales missed Wall Street estimates.  ( 22 min )

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Target is pulling some Pride collection products off its shelves after some customers made their homophobic feelings known.  ( 9 min )

World markets are finally bracing for accidents as the U.S. debt ceiling impasse threatens to empty U.S. government coffers as soon as next week, but a return of 6% policy interest rates to the risk radar is just as jarring. Fear of a technical default on Treasury bills without a bipartisan agreement in Washington to lift the debt limit by June 1 is causing ever more ructions at the short end of the debt market. Tuesday's $35 billion auction of 21-day cash management bills that cover early June required a whopping 6.2% high yield - more than a percentage point above Federal Reserve policy rates.  ( 7 min )

Intuit boosts its fiscal-year earnings and revenue outlook but its fourth-quarter profit estimate misses estimates, Palo Alto Networks raises guidance on profit, revenue, and billings for the fiscal year, PacWest sells a real-estate lending arm, and Agilent says customers becoming more conservative with spending decisions.  ( 23 min )

(Bloomberg) -- The rally that’s added roughly $400 billion to Nvidia Corp.’s market value this year is about to be put to the test.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutXi Upends the Secretive World of $10,000-an-Hour China ExpertsLuxury Stocks Lose $30 Billion in One Day on Demand FearsChina’s New Covid Wave Set to See 65 Million Cases a WeekThe chipmaker has been at the heart of this year’s st  ( 9 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

Dividend-paying stocks are taking it on the chin as investors bet big on an artificial-intelligence boom spurred by ChatGPT. What to buy now.  ( 22 min )

Generation Investment exited its stake in Chinese online giant Alibaba in the first quarter. It bought Microsoft, Texas Instruments, and Coupang stock.  ( 23 min )

(Bloomberg) -- Mark Nash is shorting two-year Treasuries — what he calls the most dangerous US bonds — in a bet markets are wrong in predicting the Federal Reserve will cut interest rates this year. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksChina’s New Covid Wave Set to See 65 Million Cases a WeekLuxury Stocks Lose $30 Billion in One Day on Demand FearsMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeWorld’s Richest Man Loses $11 Billion After  ( 7 min )

Bill Ackman's Pershing Square Holdings trades at a 37% discount to its NAV as investors await his comments Wednesday.  ( 22 min )

(Bloomberg) -- Asian travel and retail stocks fell amid concerns on the latest wave of Covid in China as well as a possible slowdown in the US economy.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy, Graves Signal Impasse in White House Debt TalksChina’s New Covid Wave Set to See 65 Million Cases a WeekMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationShares of luxury bran  ( 6 min )

The company is leading maker of chips used for videogames, artificial intelligence, and cloud computing applications.  ( 22 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

"But if we are in this sticky inflationary environment, do you really want to be in cash or bonds?" Savita Subramanian said.  ( 7 min )

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Debt limitation is a bond covenant that seeks to protect current lenders by restricting the amount of additional debt that the issuer might incur.  ( 20 min )

The engineering grad turned hedge fund VP quit a stable job to build “the everything store.”  ( 27 min )

Nvidia shares jumped in extended trading on Wednesday after the company beat earnings expectations and said there was a surge in demand for its AI products.  ( 16 min )

Take a flier refers to the actions of an investor actively engaging in a high-risk investment opportunity.  ( 21 min )

Stocks fell for a second straight day as negotiations on the debt ceiling continued, with 3M and Boeing helping lead shares lower.  ( 16 min )

TurboTax maker Intuit missed revenue estimates for key tax season and shares declined.  ( 16 min )

Abercrombie & Fitch surprised investors with a quarterly profit, and the retailer boosted its full-year guidance.  ( 16 min )

If you have equity in your home and need more cash, a reverse mortgage, home equity loan, and home equity line of credit are great options  ( 26 min )

U.S. equites sank on Wednesday, May 24, 2023 as negotiations to raise the federal debt ceiling hit a snag, increasing the risk the government might default next month.  ( 16 min )

As investors become more environmentally conscious, they have access to an increasing number of green exchange-traded funds (ETFs).  ( 23 min )

A delivery month is the month stipulated for delivery of the underlying commodity in a futures contract.  ( 19 min )

To help you find the right CD, savings, or money market account, we research 200 financial institutions every business day to unearth the best rates. Here's the criteria we use.  ( 20 min )

The trillion-dollar coin is a proposed platinum coin with a face value of $1 trillion, which could be used to reduce the national debt.  ( 23 min )